The Meridian Group has raised $227 million for its Meridian Realty Partners II, according to a SEC filing. The Bethesda-headquartered firm began fundraising in 2014 with a $250 million target.
Its previous fund raised $160 million in 2013.
Investors that committed to Meridian Realty Partners II include the City of Baltimore Fire & Police Retirement System.
The fund will target value added opportunities in a diverse number of sectors in the United States.