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Article: Onex Establishes Real Estate Fund
- Article from:
- CCNMatthews Newswire
- Article date:
- January 18, 2005
CopyrightCopyright 2005 CCNMatthews Newswire. Provided by ProQuest LLC. (Hide copyright information)
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NEW YORK, NEW YORK--(CCNMatthews - Jan. 18, 2005) - All amounts in
Canadian dollars unless otherwise stated
Onex Corporation (TSX:OCX.SV) announced today the establishment of
Onex Real Estate Partners LP, a fund dedicated to acquiring and
improving real estate assets in North America. Onex has initially
committed US$200 million to the fund, which is expected to increase
in size over time with the involvement of institutional investors.
Onex' commitment will be funded as acquisitions are completed.
Onex Real Estate Partners is led by Michael Dana, a seasoned real
estate professional with over twenty years of experience. Most
recently, Mr. Dana was President of the Delta Group, a successful ...