Backed by BRUIN Capital Partners, the management arm for prolific real estate developer, Larry Canarelli’s family office and personal investments, Capro has been launched.
It has raised $100 million of new cash equity capital, with a target of $500 million assets under management (AUM) for its first fund.
Capro’s prime focus is partnering with top real estate operators and developers nationwide as well as doing direct acquisitions, with a particular concentration on real estate throughout the Western United States, including Nevada, Arizona, Utah, Texas, Colorado, Oregon, Washington and California. Capro has the ability to acquire assets directly, make joint venture equity investments, preferred equity investments and loans across multi-family, industrial, mixed-use, retail, office, senior housing, homebuilding, land, hospitality and gaming projects.
“Las Vegas and the Southwest are booming regions with tremendous opportunity for growth. Capro brings toge