July 2009

Marcus Partners Closes Fund I

Estate investment firm Marcus Partners has closed Marcus Capital Partners Fund I, which will pursue diversified investments, including office, biomedical, medical office, and light industrial properties. The fund’s geographical focus will be on major metropolitan areas east of the Mississippi River.

Marcus Partners closed $210 million of capital commitments and is actively looking to invest $400 million in value-oriented real estate assets. Most investors are institutions and family offices, as well as high-net-worth individuals.

It will invest $10 – $130 million in each deal, with a focus on buying assets at discounts, recapitalization of distressed or overleveraged owners, taking advantage of pending loan maturities and defaults, purchasing distressed debt and investing in select capital-constrained situations.

The news comes after the recent hire of Kyle O’Connor, who will manage Fund I and oversee the investment activities in the Washington, D.C. market and the Mid-Atlantic region. O’Connor comes aboard as a principal, after having served as Metzler North America and AEW Capital Management.

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