Graceada Partners, the only investment manager based in California’s Central Valley that also invests locally in the region, has opened a new value-add real estate fund to investors, according to a document filed with the SEC on April 22.
Similar to its predecessors, Graceada Partners Fund III is expected to focus on large-scale commercial value-add office buildings and retail investments in California’s Central Valley.
As of February 2020, the fund’s direct predecessor, Graceada Partners Fund II, had raised $10.03 million against a target of $25 million. In addition, the flagship Fund I raised $12.5 million, closing in June 2019, three months after laun
