Madison International Realty Takes a Piece of Sierra Portugal Fund
By
Tony Seruga
The real estate-focused liquidity provider has expanded its reach with a minority stake purchase in the prominent shopping center owner and an office acquisition in San Francisco.
Ron Dickerman, Founder & President, Madison International Realty
Portugal and San Francisco have something in common: they’re both prime markets for Madison International Realty, which recently snapped up assets in both locations. The real estate industry-focused liquidity provider enhanced its office portfolio with the acquisition of an ownership stake in 550 Kearny St. in San Francisco, and added to its European retail holdings with the purchase of a minority interest in the Sierra Portugal Fund.
“Both of these transactions fit well with our direct secondary investment strategy,” Ronald Dickerman, founder & president of Madison International Realty, told Commercial Property Executive. The firm focuses on acquiring partial ownership, joint venture, private REIT and listed shares in Class A properties and portfolios in primary markets, and also provides joint venture equity to owners for monetization purposes…
Madison International Realty Takes a Piece of Sierra Portugal Fund
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