Real Capital Solutions (RCS) has launched the RCS Contrarian Office Fund, a private investment vehicle targeting class A and B office properties in primary and secondary U.S. markets experiencing financial distress.
The fund is targeting $350 million in commitments and, with leverage, will have capacity to acquire approximately $850 million of assets. Marcel Arsenault, founder and CEO of RCS, will serve as the fund’s anchor investor with a $50 million personal commitment.
The strategy will focus on fundamentally strong office assets whose valuations have declined amid higher interest rates, constrained capital markets, refinancing pressures and the longer-term effects of the COVID-19 pandemic.
“We believe the current market presents one of the most compelling office investment opportunities in decades, as forced selling, limited financing availability and historically wide bid-ask spreads continue to create attractive entry points for disciplined investors,â
