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SOUTHLAKE — Southlake-based N3 Real Estate recently introduced its $200 million Delton Retail Fund, which is aimed at expanding N3's net lease portfolio in the U.S. retail real estate market. The Delton Retail Fund is an international joint venture between N3 and Toronto, Canada-based Alex Shnaider, co-founder of the Midland Group. The introduction of the Delton Retail Fund combines with $50 million of equity being raised by Dallas-based Rainier Capital for its joint venture with N3, Net Lease Retail Partners LP. N3 estimates it will have the capacity to develop and acquire close to $400 million of retail real estate during the next 2 to 3 years with its current equity commitments from Delton and Rainier.