LOS ANGELES—Artemis Real Estate Partners has partnered with Los Angeles-based Primestor Development, on behalf of the $300 million real estate emerging manager program of the New York Common State Retirement Fund. Primestor has been brought on as a retail operating partner for the California region.
The joint venture will focus on purchasing institutional quality core-plus retail properties throughout the state.
“We are excited about this strong opportunity to partner with Artemis and expand our platform,” said Alan Araki, Primestor’s managing director of investments.
Artemis has plans to continue partnering with emerging managers, bringing on 6 to 10 partners that have sensitivity towards Minority and Women Owned Business Enterprises.