Arsenal Real Estate

From Wikipedia, the free encyclopedia

Arsenal Real Estate Funds
Type Private
Founded Morristown, New Jersey, 2004
Headquarters Morristown, New Jersey
Products Real Estate Investment
Website Arsenal Real Estate

Arsenal Real Estate Funds (or "Arsenal Real Estate", or "Arsenal") is a private equity real estate investment company founded in 2004 by three senior portfolio managers from the real estate investment arm of Prudential Financial and J. Brian O'Neill of O'Neill Properties Group. Arsenal specializes in higher return strategies and successfully launched its inaugural opportunistic fund in August of 2005, which closed to new investors in August of 2006 with over $150 million.[1] This fund seeks to earn net returns in excess of 20% for its investors. Arsenal is also currently marketing its second fund, which had its initial closing in the second quarter of 2007.

Arsenal Real Estate Funds was named after the Arsenal in Watertown, MA, which was acquired in 1998 by O'Neill. The site was bought for $24 million, and was sold in 2001 for $162 million to Harvard University.[2]

[edit] References

  1. ^ Arsenal Closes $150 Million Fund (html). Findarticles.com. Retrieved on 2007-01-26.
  2. ^ O'Neill gets $162M for Mass. site (html). Findarticles.com. Retrieved on 2007-01-26.

[edit] External links

 This article or section needs sources or references that appear in reliable, third-party publications.
Primary sources and sources affiliated with the subject of the article are generally not sufficient for a Wikipedia article. Please include more appropriate citations from reliable sources, or discuss the issue on the talk page.
This article has been tagged since November 2007.