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7/09/21
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MCA Realty has raised $50 mil in equity commitments for its first fund, resulting in approximately $130 mil in buying power. The MCA Realty Industrial Growth Fund LP received broad support from both existing and new limited partners.
The fund will focus on value-add industrial properties across the Western U.S. - specifically targeting small and mid-bay multi-tenant industrial assets. MCA Realty typically invests in single assets on behalf of its limited partners, but due to high demand in the industrial sector, the firm was able to raise their debut fund in just three months during the global pandemic.
According to Tyler Mattox, Principal at MCA Realty, the fund will target small and mid-bay industrial properties in markets poised for economic growth where there is opportunity for value creation. The firm has already begun to deploy capital within the fund, acquiring its first property, Lakewood Business Park, a 136.4k sf industrial property in Lakewood, WA in late 2020 for $18.2 mil.
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