MIAMI BEACH - Stonemason Partners LP, a full-service commercial real estate company based in Miami specializing in acquisitions, ownership, leasing and management, announced 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 multitenant 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.
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.