BY BOWDEYA TWEH
May 27, 2015
Blue Ash-based PRIVATE EQUITY FIRM Viking Partners LLC has bought shopping centers in Missouri, Kentucky and Illinois as part of its newest investment fund.
Company officials said Viking Partners Fund III, which launched in January, has completed raising capital and bought the shopping centers for $26 million. It plans to buy more than $300 million of real estate in the Midwest and Southeastern United States as part of the fund. On assets it buys, Viking Partners will focus on improving operations and profitability of properties before selling them.
Officials told The Enquirer last year the fund sought to raise $100 million from investors. About $84 million has been raised from Fund III investors, according to February filings with the U.S. SECURITIES and Exchange Commission.
Read the full story here:
“Blue Ash Firm Plans $300M In Real Estate Deals”