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Gerrity Group raises $200m

The California-based manager hits the midway point of raising its third retail-focused fund.

Gerrity Group has held the first close on its third retail fund at $200 million, halfway towards its target of $400 million.

Gerrity Retail Fund III focuses on value-add opportunities in shopping centers in the US West Coast.

The firm currently has $654.2 million of assets under management, as of 4 September 2019.