Forest City Enterprises, Inc. (NYSE: FCEA and FCEB) today announced the closing of three additional investment allocations – in Washington, D.C., Philadelphia, and Oakland, Calif. – as part of its $400 million residential real estate development fund with the Arizona State Retirement System (ASRS). All three of the closings were completed before year end 2014.


“These closings reflect our continued strong partnership with ASRS, and the execution of our strategy of working closely with select capital partners to activate entitled development opportunities in strong markets,” said David LaRue, Forest City president and chief executive officer. “These also reflect the variety of investment opportunities available to the fund, with one investment in a conventional entitled development project, one investment in an operating property as a springboard to additional new development, and one allocation to invest in a mature, productive operating property.”

In Washington, D.C., the fund closed an investment in 1001 4th Street, SW, the first Forest City-developed residential component of Waterfront Station, the mixed-use redevelopment of the former Waterside Mall site in Southwest D.C.  1001 4th Street, SW, which is expected to break ground in early January, will feature 365 market-rate apartments, underground parking, a rooftop pool, clubhouse and landscaped courtyard. Completion is expected in mid-2016.

Upon receipt of your professional project presentation, we will perform brief financial analyses. If your project qualifies, we will present it to the funding committee. Download these guidelines (below) to properly present your venture. If your project qualifies, we will request your business plan and have a look at the due diligence and an independent audit. If your project appears further feasible, we will suggest a funding strategy!

We take an Investor’s Approach

We only take on projects that we would invest in ourselves. Our team has the scope and capability to accommodate projects in countries large and small around the world. Our well versed areas of expertise include Feasibility Studies, Technical Reviews, Due Diligence, Financial Engineering, Project Management, and Administration Overviews. With the current challenges faced by the global economy, let our experts provide the answers and demonstrate our ability to exceed your expectations. We have Private Money Funds as well as our own funds which allow us a great deal of flexibility in offering non-traditional funding programs. We also maintain close relations with government and institutional Project Funders worldwide.

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