Fundraising - JUNE 2, 2014

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John Buck Co. markets fifth fund

by Andrea Waitrovich

The John Buck Co. has a fifth fund in the market. JBC Fund V aims to raise approximately $100 million. A first close is targeted in September, and the firm will hold a final close in September 2015.

John Buck Co. aims to invest over a four-year investment period from the initial close. It will invest in a value-added strategy in office, mixed-use and multifamily properties throughout the United States.

The fifth fund follows JBC Fund IV, which was formed in 2010 to acquire institutional-quality office, mixed-use and residential real estate, focusing on high-yield investments in top-tier markets. The fund is currently investing its capital. Assets include the 200 North Michigan redevelopment and 151 North Franklin in Chicago; 2116 Chestnut in Philadelphia; and 740 15th St. in Washington, D.C.

The fund series’ debut fund, JBC Acquisition and Development Fund I or JBC Fund I, closed with $89 milli

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