MCA Realty has acquired five assets: two in Washington State; two in Las Vegas; and one in Orange, Calif., for a total consideration of just over $71 million.
The five properties were acquired through the firm’s first fund, MCA Realty Industrial Growth Fund, LP, which met its target of $50 million in equity commitments within just three months earlier this year, resulting in approximately $130 million in acquisition capability, according to Tyler Mattox, principal at MCA Realty.
“Due to our long-established track record within the multi-tenant industrial space, we were able to identify, source and deploy capital to acquire these assets relatively quickly after meeting the $50 million target for the first fund in July,” said Mattox. “Drawing upon our experience in the sector, we will implement upgrades and improve operational efficiencies to enhance the properties, creating long-term value and capitalizing on high demand.”
MCA has acquired Lakewood Busi
