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February 21, 2018  

LBA Fund Lines Up $900 Million

LBA Realty last month held the final close for its sixth and largest fund targeting industrial and office properties.The Irvine, Calif., shop corralled $900 million of total equity, exceeding the roughly $800 million target.The vehicle, LBA Realty Fund 6, shoots for a return in the mid-teens by acquiring or developing warehouses, light-industrial facilities and offices. The sponsor typically acquires relatively small properties that it can...

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