Regent holds first close for second office fund
Regent Properties has held a first close for its Regent Office Fund II (ROF II) with $60 million in capital commitments. The value-added fund launched in 2013 with a $200 million fundraising goal. The firm plans to hold a final close in September 2014. ROF II will acquire undervalued office buildings and related assets in markets throughout the Western United States, including Texas. It has started to invest some of its capital. The fund will complete its first acquisition in October.