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Beacon Capital Closes $1.6B Office Fund

Boston-based Beacon Capital Partners, LLC held its final close on Beacon Capital Strategic Partners 8, L.P. (BCSP 8). The commingled value-add office investment fund has equity commitments totaling $1.58 billion, plus an additional $220 million of initial investor-approved co-investment equity.

Beacon’s strategy is to acquire underperforming office assets in major U.S. markets, and transform them through significant capital improvements and leasing.

Beacon Capital Partners’ Fred Seigel says, “The first four assets – in Chicago, Glendale, San Jose, and Washington, D.C. – present meaningful opportunities for us to leverage our deep experience and robust operating platform on behalf of our investors.”

The capital raised for BCSP 8 surpassed the $1.25 billion target for the fund, with commitments coming from a combination of repeat and new investors, including major U.S. pensions, foreign pensions, sovereign wealth funds, financial institutions, endowments, and foundations.

*Pictured 200 State Street in Boston, Beacon Capital Partners’ HQ

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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