April 26, 2023 | Isabella Farr, TheRealDeal Los Angeles
Primestor Development, an L.A.-based developer, has closed the first half of a new fund that will focus on building multifamily and retail assets near public transit in California.
The firm has raised $165 million — $100 million from Belay Investment Group, $25 million from LGT Capital Partners and the rest from other investors, according to Primestor CEO Arturo Sneider and an announcement from the firm on Wednesday.