Nov
17

This is What Rock Creek Is Building On Spec for Fund II

By

What’s your success story? Let Real Estate Forum and GlobeSt.com know for a new feature, Fastest Growing Companies. Nominate your company by November 9.

WASHINGTON, DC—Last week locally-based Rock Creek Property Group announced it closed on its second fund, raising or securing commitments of $60 million. Levered up, the fund is expected to have a total purchasing power of $200 million to $300 million, principal Gary Schlager tells GlobeSt.com.

So far fund II has made three purchases of properties that are being torn down and redeveloped on spec. They are illustrative of the fund’s duel mission approach of acquiring value add and/or income-streaming properties…

This is What Rock Creek Is Building On Spec for Fund II

Share
Categories : Uncategorized

Leave a Reply

You must be logged in to post a comment.