Fireside plans to launch $500 million worth of investment funds

Michael Bailey’s Fireside Financial, a private equity firm based in Edwardsville, is on the market to grow its real estate portfolio, looking to buy two to three apartment properties as well as 300,000 square feet of self-storage space this year.

In addition to Fireside’s expected acquisitions in 2012, the company also plans to launch two new investment funds totaling a combined $500 million in assets in early 2014, according to Bailey, who founded Fireside in 2008.

Bailey said the firm was looking at acquisitions in Kansas and Illinois, boosting a portfolio that already includes properties in Illinois, Missouri and Tennessee.

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