575 Lexington Avenue in Midtown Angelo, Gordon & Co. raised $1.3 billion for its latest real estate fund, thus beating its fundraising goal by $300 million. The Midtown-based investment firm’s fund Angelo Gordon Core Plus Realty Fund IV will look to target sub-performing property types across various asset classes with the goal of turning those assets around. The company has already invested 15 percent of the capital raised to date – including $510 million on its acquisition of 575 Lexington Avenue in Midtown. (more…)
Source: The Real Deal
