Property Types Industrial
JGB, Scheer Team Up to Create $100M Real Estate Fund
June 16, 2008
Source: Washington Business Journal

The JBG Cos. has teamed up with Scheer Partners to create the Greater Washington Life Sciences Fund, a $100 million equity fund designed to develop and acquire life-sciences commercial properties. The fund will pursue a total of $300 million in market investments.

Most projects within the fund's purvue lie in Maryland's Interstate 270 corridor, Scheer president and founder Robert Scheer told the Washington Business Journal. He added that these properties are a combination of existing buildings, some partially leased, and others that the partnership intends to convert to research and development facilities.

 
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