Fundraising - DECEMBER 1, 2014

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Office fund holds $300m final close

by Reg Clodfelter

Regent Properties has announced a final close of more than $300 million for Regent Office Fund II and related investment vehicles, exceeding its $150 million to $200 million fundraising goal set at the fund’s 2013 launch.

The fund focuses on office properties west of the Mississippi, targeting core-plus, value-added and opportunistic assets with single acquisitions typically ranging in size from $15 million to $75 million. Regent has acquired a $250 million portfolio spanning nine projects since launching this platform, and is seeking gross returns in the mid to high teens.

Regent uses its expertise as a developer to add value to the assets it acquires directly, through renovation and rehabilitation of existing assets or in build to suit arrangements with large tenants across its target markets.

“Most other funds on the market are traditional private equity funds, with private equity sponsors investing in third party developers&rsqu

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