Marquee Capital has exceeded its fund launch goal of $30 million and officially opened Marcus RE Fund II.
Marquee’s second investment fund focuses on stabilized, cash-flowing retail assets, value-add senior housing, and opportunistic investments that are surfacing due to dislocation in the capital markets. Marquee Capital, formerly Berengaria Development, is an affiliate of Marcus Investments, the Marcus’ family office.
Marcus RE Fund II is targeting to add approximately $70 million of additional equity to assist in the continued growth of Marquee Capital’s existing business that currently includes more than $300 million in assets under management, with just over 1.85 million square feet of retail and just under 500 senior housing units.
“Higher interest rates and tightening debt markets are creating opportunities for sophisticated buyers,” said Jay Peirick, managing partner of Marquee Capital. “We are being presented off-market deals at attractive p