MCA Realty Industrial Growth Fund meets $50m fundraising target

Orange County–based MCA Realty has raised its first fund, the MCA Realty Industrial Growth Fund, with $50 million in equity commitments from both new and existing limited partners.

This gives the firm $130 million in buying power.

The strategy of the MCA Realty Industrial Growth Fund will seek to acquire value-add industrial properties across the Western United States, specifically targeting small and mid-bay multi-tenant industrial assets.

MCA Realty said the fund was targeting $50 million in commitments. The firm typically invests in single assets on behalf of its limited partners, but due to high demand in the industrial sector, it was able to raise their debut fund in just three months during the pandemic. The firm has already begun to deploy capital within the fund, and it will continue to do so over the next 24 months in their target markets.

“The industrial sector has undergone tremendous growth over the last several years as the rise in e-comm