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ArcWest Receives Another Allocation from Belay, Targets $300M of Urban Assets
Los Angeles-based ArcWest Capital Partners LLC received a second allocation of $100 million from Los Angeles-headquartered Belay Investment Group, LLC. The infusion positions the programmatic joint venture to acquire a combined total of $400 million to $425 million of urban properties within the Western Sunbelt U.S.
Belay’s investment in ArcWest Partners is capitalized by the California State Teachers’ Retirement System (CalSTRS).
Since ArcWest Partners was formed in 2016, the platform has successfully acquired value-add properties in dynamic urban mixed-use corridors. That includes such Los Angeles-area assets as Chapman Market, a 45,000-square-foot historic and experiential retail center in Koreatown, and the Jones Building, a 30,000-square-foot creative mixed-use property in Silver Lake (pictured).
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