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Sign in Sign up for a FREE subscriptionGraceada Partners launches second fund focused on California Central Valley
Modesto, Calif.–based Graceada Partners has launched a second real estate fund focusing on the state’s Central Valley.
The $25 million commercial fund, Graceada Partners Fund II, follows the full investment of the firm’s flagship Fund I, which raised $12.5 million as of June, three months after launching. Graceada said it aimed to use the funds raised to acquire $30 million to $35 million in commercial real estate in California’s Central Valley, spanning from Sacramento to Fresno. Fund 1 was also considering properties in Sacramento, Stockton, Fresno and Merced.
“We are encouraged by both the swiftness of raising Fund I — in just under three months — and the ability to so rapidly identify investments exceeding our 15 percent IRR minimum return threshold,” said Ryan Swehla, principal at Graceada. “In order to continue capitalizing on opportunities in our und
