Fairlead Deploys $40M Fund
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Armed with a kitty of money from Asia, Fairlead Commercial Real Estate is going to be in the hunt for $600M in new commercial real estate in 2014. (They're like a kid in a candy store, who can buy the candy store.)
We met up with Fairlead's Jeff Shaw during the Atlanta Commercial Board of Realtors annual meeting at Cherokee Town & Country Club when he broke the news: Fairlead is establishing its first investment fund, garnering $40M in capital, mainly with investors from Asia. And with leverage, Jeff says the fund can buy up to $600M in core and value-add properties. Fairlead will be eyeing properties throughout the Southeast and Texas.