Highland launches new debt fund
Highland Realty Capital has launched BCP Commercial Real Estate Finance Fund, according to a filing with the SEC.
The new real estate fund will invest in debt secured by properties throughout the United States. The firm seeks to raise $100 million in equity commitments for BCP Commercial Real Estate Finance Fund.
Currently, the firm has $6 billion in closed transactions involving all property types, including office, multifamily, retail, industrial, hotel and self-storage, according to its website. Some of these assets include the East Gateway Center, a class A office project in Phoenix, and the Berkeley Plaza, an office/retail property in Berkeley, Calif. The firm plans to redevelop the property into a high-rise multifamily and retail project.
Since 2003, Highland Realty Capital has arranged more than $25 billion in debt and $2 billion in joint venture e