MIAMI BEACH – (August 31, 2009) – Stonemason Partners, L.P., a full-service commercial real estate company based in Miami specializing in acquisitions, ownership, leasing and management, announces the completion of its initial round of fundraising for Fund I. The company has an aggressive plan to acquire more than $100 million worth of multi-tenant retail assets and distressed commercial property throughout the Southeastern United States and along the Eastern Seaboard in the next four years.
“For the past year we have been securing investors nationwide and now find ourselves in a unique position to capitalize on the current market conditions and expand our portfolio of properties,” said Gustaf Arnoldsson, managing member of Stonemason Partners. “We are bullish on the market opportunities and are well-positioned to guide our clients and investors to success through these challenging economic times.”
Stonemason Partners, led by Arnoldsson, has assembled a team of real estate professionals with specific skill sets covering all facets of real estate acquisition and operations. The company’s core competencies are to Redevelop, Reposition and Re-tenant. The company has strong street-level experience and a proven track record of hands-on maintenance, leasing, improvement and operation of acquired properties. Based in Miami, the firm’s portfolio currently features three properties: a strip center, an apartment building and a hotel in South Florida, as well as the management of 15 additional properties.
“Our success will be determined by the efficiency and effectiveness of our daily operations,” said Arnoldsson. “The ultimate goal is to keep vacancy low and implement cost control as we strive to secure new tenants while maintaining existing ones and keeping them satisfied. The fact that we have been able to raise the capital needed to acquire more than $100 million of commercial property in a severe economic down-turn is a testament to the trust our investors have placed in us.”
“We are in the beginning stages of a monumental shift in the market and Stonemason is greeting the next few years with optimism and enthusiasm,” said Arnoldsson.
###
About Stonemason Partners, L.P. Founded in 2008, Stonemason Partners, L.P. is a full-service real estate group specializing in the acquisition, development, ownership, leasing and management of income-producing properties. For more information, visit http://StonemasonPartners.com or call (305) 531-9470.
Media Contacts:
Maria Pierson, 954-776-1999, ext. 222
mpierson@piersongrant.com
Rachel Shapiro, 954-776 1999, ext. 230
rshapiro@piersongrant.com