Olympus Pines Raises $105M Fund to Scale Retail Portfolio
Washington, D.C.
Olympus Pines, a real estate development fund and retail operator, has successfully raised $105M consisting of debt and equity. The capital will be used to expand development and operations into new markets and scale the rapidly growing organization.
“We would like to thank our partners for the trust they have shown in us. They have been an invaluable resource as we have sought to build a world-class retail operations organization that creates value for our customers and investors while investing in the long-term development of our employees,” said Olympus Pines founders Trevor Sperry and Michael Cianelli in a joint statement.
Olympus Pines is developing projects in the greater Washington DC area; the greater Philadelphia area; Charleston, SC; and San Antonio, TX.
The round is led by Keystone National Group and the Real Asset Investor.
