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Mitra Investment Partners, the private real estate investment management company behind the Forward Storage brand, has raised $36 million in nine months for its first investment fund targeting industrial flex and self-storage assets across the United States. The original goal was $25 million. According to a press release, Mitra has already completed 10 acquisitions involving 356,000 square feet of net lettable area in seven states.
“The success of this funding has enabled Mitra to execute on its strategy and expand its platform. This is a testament to our investors’ confidence in our ability to exploit unique opportunities,” said co-founder Sumeet Patel. “We are deeply grateful for the support of our approximately 170 investors, and we remain committed to providing attractive returns through disciplined risk management.”
“We intentionally built both Mitra and Forward Storage from the ground up to strengthen our ability to effectively match capital with the limitless opportunities at hand,” said co-founder Praveen Reddy. added. “Our success is driven by an exceptional team that combines creative thinking with investment precision, while maintaining an unwavering focus on operational excellence. We deliver superior results on behalf of our investors. We’re excited to continue delivering.”
Mitra specializes in the acquisition and operation of self-storage and industrial flex assets in select markets. The firm manages his $100 million real estate assets spanning 1 million square feet across 12 states.
sauce: PR Newswire, Mitra Investment Partners secures $36 million for first fund targeting self-storage and industrial flex real estate
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