JCR Capital holds $306m final close for fourth real estate fund

JCR Capital, an alternative investment manager focusing on middle-market commercial real estate finance, has held a $306 million final close on its fourth fund, JCR Capital Income Plus Fund IV. It surpassed its initial target of $130 million.

Fund IV will primarily make participating preferred equity and structured joint venture equity investments in value-add, cash-flowing properties with short-duration investment periods. Fund IV will focus exclusively on middle-market properties (properties currently valued at $50 million and less) in the multifamily, industrial and office sectors, as well as select retail.

Fund IV does not employ fund-level leverage.

“As we are deep into the current market cycle, there are increasing concerns that the market is due for a correction,” said Jay Rollins, managing pri