JCR Capital holds final close of $329m
JCR Capital has held a final close of $329.5 million for its third real estate fund, according to a spokesperson for the firm.
JCR Capital Commercial Real Estate Finance Fund III focuses on financing distressed, opportunistic and value-added investments. The fund will target short duration investments, ranging from six to 36 months, in multifamily, retail, industrial and office properties.
Fund II held a final close of $106 million, exceeding its $100 million fundraising target, in March 2013.
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