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New Mountain Surpasses Fundraising Target for First Net Lease Industrial Fund

New $500 Million Industrial Property Fund Is Hot for Cold Storage
Among New Mountain's first net lease fund's purchases were cold storage facilities leased to Colorado Boxed Beef. Photo: CoStar
Among New Mountain's first net lease fund's purchases were cold storage facilities leased to Colorado Boxed Beef. Photo: CoStar
CoStar News
April 16, 2019 | 10:07 P.M.

Private equity fund New Mountain Capital exceeded its fundraising target for its first triple net lease real estate fund by more than 50% from the growing number of investors across the United States looking to take advantage of the demand for refrigerated warehouses as online grocery shopping surges.

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