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US fund targeting ‘distressed’ NZ real estate

Posted on 16 July 2009

From Nbr.co.nz: Jumpstart Capital Partners, a privately-owned American real estate investment company, says it is putting together a $US100 million ($NZ158 million) fund “to “capitalise on distressed and undervalued real estate assets” in New Zealand.

The fund, named Jumpstart Capital Asset Management, is being driven by an executive who has previously raised money in a separate venture to invest in Queenstown’s Jacks Point subdivision……..Full Article: Source


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