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Grubb Properties raises $12.9m

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Grubb Properties has raised $12.9 million to date for its Grubb Southeast Real Estate Fund VI, per a SEC filing. The Charlotte-headquartered firm has set an undisclosed target and began fundraising in 2017. The SEC filing did not disclose whether the capital raise constituted a final or interim close.

Its previous fund raised $30 million in 2015.

The fund will target value added opportunities in multifamily/residential properties in the United States.