- Arsenal Real Estate
Infobox_Company
company_
company_name = Arsenal Real Estate Funds
company_type = Private
foundation =Morristown, New Jersey , 2004
location =Morristown, New Jersey
products =Real Estate Investment
homepage = [http://www.arsenalre.com/ Arsenal Real Estate]Arsenal Real Estate Funds (or "Arsenal Real Estate", or "Arsenal") is a private equity real estate investment company founded in 2004 by three senior portfolio managers from the real estate investment arm of
Prudential Financial and J. Brian O'Neill of [http://www.oneillproperties.com O'Neill Properties Group] . Arsenal specializes in higher return strategies and successfully launched its inaugural opportunistic fund in August of 2005, which closed to new investors in August of 2006 with over $150 million. [ cite web | title = Arsenal Closes $150 Million Fund | url = http://findarticles.com/p/articles/mi_m3601/is_3_53/ai_n16754409 | publisher = Findarticles.com | format = html | accessdate = 2007-01-26 ] This fund seeks to earn net returns in excess of 20% for its investors. Arsenal is also currently marketing its second fund, which had its initial closing in the second quarter of 2007.Arsenal Real Estate Funds was named after the Arsenal in
Watertown, MA , which was acquired in 1998 by O'Neill. The site was bought for $24 million, and was sold in 2001 for $162 million toHarvard University . [ cite web | title = O'Neill gets $162M for Mass. site | url = http://www.bizjournals.com/philadelphia/stories/2001/05/28/daily26.html | publisher = Findarticles.com | format = html | accessdate = 2007-01-26 ]References
External links
* [http://www.arsenalre.com/ Arsenal Real Estate Funds]
* [http://www.oneillproperties.com/ O'Neill Properties]
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