In December  2010, Strathallen Capital Corp. formed and closed Strathallen Retail Property Fund LP No. 3 (SRPF 3), an investment vehicle comprised of major Canadian Pension Fund investors to be managed by Strathallen.

The SRPF 3 mandate is to invest in Canadian retail properties in the following three categories:

• Core properties with leasing upside
• Properties with redevelopment potential
• Developments

The portfolio has a stable of core properties and includes a value-add component for yield enhancement. Over the investment period, the Fund will have capacity to acquire in excess of $300 million in assets.  On behalf of the SRPF 3 Partnership, Strathallen has closed on a number of assets and is currently pursuing several projects across the country which fall within the Fund’s buying parameters.