The Real Deal Miami

Adler Group forms new fund

October 28, 2008 03:17PM

The Miami-based Adler Group has formed the Helios AR Real Estate Fund I, a $100 million fund for the purchase of income-producing commercial properties. The fund purchased Tampa’s Breckenridge Park for $28.4 million in mid-October and a 252,000-square-foot portfolio in Naples in August. The fund will buy office, industrial, and retail properties in the southeast and mid-Atlantic regions.