Loci Capital seeks $250m for second opportunistic real estate fund

Loci Capital, a real estate investment manager focused on middle-market real estate investments throughout the Southeast, is seeking to raise $250 million for its new fund, Loci Capital Opportunistic Fund II, which began fundraising on March 15.

Loci Capital Opportunistic Fund II will invest in opportunistic and value-add real estate investments primarily in growth markets throughout the southeastern United States. The fund will pursue a diversified strategy consistent with the track record of its management team, which specializes in multifamily, retail, office, hospitality, mixed-use and industrial.

Loci Capital Opportunistic Fund II so far has around $50 million soft-circled for the first close from existing investors based on conversations Loci had during the past six months, a spokesperson for the firm confirmed in an email. The fund will accept a maximum of $500 million of commitments so it can continue to provide fund investors significant co-investment opportun