Forge Real Estate Partners III, LP
Forge's real estate private equity investment strategies focus on often unmet, niche opportunities in the distressed debt and socially responsible investment arena, particularly as they relate to Community Reinvestment Act (CRA) investment test credits. Investment activities include direct real estate investment, real estate development and redevelopment, and real estate collateralized-debt acquisitions. In order to best implement a fund’s investment strategy, Forge often partners with nationally recognized real estate companies.
Forge Real Estate Partners III, LP (Fund) looks to develop, redevelop and invest in existing grocery-anchored shopping centers and mixed-use projects primarily in moderate and low-income census tracts within the states of Alabama, Florida, Georgia, North Carolina, Puerto Rico, South Carolina, Tennessee, Texas or Virginia. In conjunction with debt financing and equity co-investments, the fund seeks to invest over $200 million of capital. The fund concluded the capital commitment phase in June 2014. In addition to Forge's principals, the investors in the fund are commercial banks, which receive Community Reinvestment Act credits for their investments, as well as other institutions with a socially responsible investment objective. The fund was co-sponsored with The Sembler Company of St. Petersburg, Florida.
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