RRA Capital, a Phoenix-based investment manager focused on short-term commercial real estate debt, closed its first round of funds to new investors after receiving a $20 million commitment in the final close.
Oak Street Real Estate Capital, a Chicago-based private equity real estate firm, made the investment, which incorporates a $20 million commitment to RRA Capital’s Credit Opportunity and Credit Income Fund I, as well as a planned commitment toward the launch of RRA Capital’s successor commercial real estate debt fund in mid-2020. The funds target middle-market, short-term financing spanning senior position and mezzanine debt, as well as preferred equity on value-add and distressed assets nationwide.
“This partnership represents a powerful combination uniting decades of real estate investing experience and best practices that will undoubtedly deliver enhanced value for our investors,” said Boots Dunlap, CEO of RRA Capital.
Oak Street's Seeding and Str
