Rialto, which just completed the first closing of its second real estate investment fund, currently has equity commitments for about $260 million.
December 27, 2012 at 12:00 AM
1 minute read
Rialto Capital, an arm of Miami-based Lennar Corp., has completed the first closing of its second real estate investment fund. The company currently has equity commitments for about $260 million, with Lennar pitching in $100 million, according to a Lennar news release.
The fund’s objective during its three-year investment period is to mainly invest in distressed real estate assets.
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