Wednesday, 29 June 2016
Last updated 2 hours ago
Dec 21 2012 | 10:18am ET
The Texas Real Estate Hedge Fund has set up a new commercial real-estate joint-venture with Dallas-based LIG Assets.
The two investment companies will buy up, manage and finance deals for commercial properties across the western U.S. The hedge fund will focus on opportunities valued at between $5 million and $100 million, and then it and LIF will analyze and underwrite targeted acquisitions.
MMR Realty Advisors and Inter Continental Real Partners will assist in the second stage.
"This is clearly a milestone achievement for LIG Assets and our shareholders," LIF CEO Jeff Love said. "We are thrilled to embark on a partnership that we anticipate will provide handsome returns."