Longpoint Closes $225M Specialty Grocer Fund
- Boston, MA-based real estate investment company Longpoint announced the final closing of Longpoint Specialty Grocer Fund I
- The Fund raised a total of $225m in capital commitments from a diverse mix of institutional investors exceeding its initial target of $200m
- Specialty Grocer Fund I advances Long point’s strategy to acquire core specialty grocery-anchored neighborhood shopping centers with long-term intrinsic value
- Since inception, the firm has invested approximately $2.1 billion across over 100 transactions
- The firm is led by founding partners Dwight Angelini, Nilesh Bubna, Reid Parker, and Robert Provost III, who average more than 20 years of industry experience including over 15 years working together
- Founded in 2015, Long point has offices in Atlanta, Boston, Dallas, Los Angeles, Miami, New Jersey, and Washington DC
