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South Florida

Stonemason raises distressed fund

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Stonemason Partners, a South Florida distressed investment firm, has raised $100 million to buy up multi-tenant retail assets and distressed property. It plans acquisitions in the Southeast and along the East Coast. Gustaf Arnoldsson, the firm’s managing member, said the current portfolio includes a retail strip center, an apartment building and a hotel along Miami’s South Beach, as well as management of 15 other properties.