MILWAUKEE--(BUSINESS WIRE)--Marquee Capital has exceeded their fund launch goal of $30M, and officially opened Marcus RE Fund II, LP. Marquee’s second investment fund focuses on stabilized, cash flowing retail assets, value-add seniors housing, and opportunistic investments that are surfacing due to dislocation in the capital markets. Marquee Capital, formerly Berengaria Development, is an affiliate of Marcus Investments, the Marcus’ Family Office.
Marcus RE Fund II is targeting to add approximately $70M of additional equity to assist in the continued growth of Marquee Capital’s existing business that currently includes more than $300M in assets under management, with just over 1.85M square feet of retail and just under 500 seniors housing units.
Jay Peirick, Managing Partner of Marquee Capital, said, “Higher interest rates and tightening debt markets are creating opportunities for sophisticated buyers. We are being presented off-market deals at attractive prices because sellers know we can react quickly, have ready access to capital and have long-standing lender relationships providing us certainty to close. At the same time, our existing retail and seniors housing portfolios continue to benefit from supply-demand imbalances. This is a very exciting time for all of our investors.“
About Marcus Investments, LLC & Marquee Capital
Marquee Capital, the real estate company under the Marcus Investments family office umbrella, has developed and/or managed more than $700 million of real estate nationwide since its inception in 2008. The company’s team of real estate and investment professionals are actively seeking opportunities to accelerate its growth, with a focus on acquiring open air retail shopping centers and value-add seniors housing communities. Prospective retail opportunities should be sent to the attention of Jay Peirick, jaypeirick@marqueecapital.com and prospective seniors housing opportunities should be sent to the attention of Dan Sisel, dansisel@marqueecapital.com.
