DENVER--(JCR Capital (JCR), a Denver-based real estate fund manager, has allocated $25 million in capital for CapRock Partners (CapRock) to acquire non-performing industrial loans and distressed assets throughout California.)--
“These investments validate our thesis that a void exists in middle market real estate capital and there is significant opportunity to deploy capital in this market segment.”
JCR’s funding of the commitment originates from its second fund, the JCR Commercial Real Estate Finance Fund II, L.P. (Fund II), which remains open to new investors through the fourth quarter of 2012.
“The investments JCR made with CapRock in JCR’s first fund have been exceeding our expectations, and JCR is very pleased to be able to continue this successful strategy in Fund II,” said Jay Rollins, President of JCR Capital.
JCR and CapRock have already made three investments in the new joint venture, totaling $10.2 million. Rollins went on to say: “These investments validate our thesis that a void exists in middle market real estate capital and there is significant opportunity to deploy capital in this market segment.”
JCR has consistently delivered positive returns to its investors because of the firm’s ability to team with experienced local operators who can take advantage of off-market or distressed real estate opportunities.
About JCR Capital
JCR Capital is an alternative real estate fund manager which provides capital to middle market commercial real estate sponsors. Since 1992, JCR’s Principals have invested $1.8 billion in more than 275 transactions. Currently, the firm is actively financing equity and debt for a variety of commercial real estate opportunities.
The foregoing does not constitute an offer to sell or a solicitation of an offer to buy JCR Commercial Real Estate Finance Fund II, L.P. limited partnership interests, nor will there be any sale of limited partnership interests in any jurisdiction in which any such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.