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Taconic Capital Raises $500 Million for Distressed Real Estate Fund

New York Investment Firm Sees Opportunities in Hospitality, Office and Retail
Taconic Capital Advisors sees ample investment opportunities to reposition properties hurt by the pandemic. For example, it bought the Marriott Westchester hotel in Tarrytown, New York. (CoStar)
Taconic Capital Advisors sees ample investment opportunities to reposition properties hurt by the pandemic. For example, it bought the Marriott Westchester hotel in Tarrytown, New York. (CoStar)

Still seeing an opportunity to capitalize on properties hurt by the coronavirus pandemic, Taconic Capital Advisors, a global institutional investment firm, closed out fundraising for its third real estate fund. Taconic CRE Dislocation Onshore Fund III pulled in $500 million in capital commitments.

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