CapRock Partners, a privately-owned investor and developer of industrial real estate in the Western and Central U.S., said Monday it had reached the final closing of CapRock Value-Add Industrial Fund IV, LP. The vehicle is Newport Beach-based CapRock’s eighth fund overall and fourth in its value-add series.

Launched in 2023, Fund IV is the largest vehicle in CapRock’s value-add series and the firm’s second largest overall since its founding in 2009. It is designed to acquire, reposition and develop value-add industrial properties in high-growth logistics markets. The strategy targets underperforming assets that can be enhanced through capital improvements, operational efficiencies or strategic leasing. A portion of the fund is also allocated to new development.

“Our investment strategy is rooted in identifying opportunities where CapRock’s development and operational expertise can create significant value,” said Jon Pharris, co-founder and president of CapRock. “Fund IV will continue to be thoughtfully deployed in our target markets across the Western U.S. and Texas, where tenant demand for modern, well-located logistics space remains strong.”

Pictured: Kennedy Greens Distribution Center in Houston.