Festival Retail Fund 1, LP is a real estate investment fund and the newest addition to the Los Angeles-based The Festival Companies. With over 30 years of success and nationwide expertise in developing, investing and managing shopping centers and retail anchored investments ranging over all property types, The Festival Companies launched the Festival Retail Fund 1, LP on January 1, 2007 to invest in ground-up and value-add retail properties nationwide. The Fund targets value-add opportunities in all property types, including regional malls, community centers, resort retail, lifestyle centers, street retail, urban in-fill properties, neighborhood centers and mixed-use properties in major metropolitan areas nationwide. The Fund will invest up to $800 million by the end of 2009.