Arsenal Real Estate Funds is a private equity real estate investment company founded in 2004 by three senior portfolio managers from the real estate investment arm of Prudential Financial and J. Brian O'Neill of O'Neill Properties Group. Arsenal specializes in higher return strategies and successfully launched its inaugural opportunistic fund in August 2005, which closed to new investors in August 2006 with over $150 million.
Arsenal Real Estate Funds was named after the Arsenal in Watertown, MA, which was acquired in 1998 by O'Neill and Prudential. The site was bought for $24 million, and was sold in 2001 for $162 million to Harvard University.
Famous quotes containing the words arsenal, real and/or estate:
“The atom bomb was no “great decision.”... It was merely another powerful weapon in the arsenal of righteousness.”
—Harry S. Truman (1884–1972)
“Anyone with a real taste for solitude who indulges that taste encounters the dangers of any other drug-taker. The habit grows. You become an addict.... Absorbed in the visions of solitude, human beings are only interruptions. What voice can equal the voices of solitude? What sights equal the movement of a single day’s tide of light across the floor boards of one room? What drama be as continuously absorbing as the interior one?”
—Jessamyn West (1902–1984)
“Sweet are the thoughts that savour of content,
The quiet mind is richer than a crown;
Sweet are the nights in careless slumber spent,
The poor estate scorns Fortune’s angry frown.
Such sweet content, such minds, such sleep, such bliss,
Beggars enjoy, when princes oft do miss.”
—Robert Greene (1558?–1592)