Chase Partners Targets $100M for Real Estate Fund
Southern California industrial product has been the center of attention lately due to retailers closing storefront operations and the transition to e-commerce. Retailers and e-commerce operations are seeking additional warehouse space to account for the surge in online demand while occupancy climbs to all-time highs.
Chase Partners Ltd., a Los Angeles-based real estate investment and development company, has kicked off its new industrial real estate asset fund. The fund is targeting $100 million in new investment capital, and acquiring both new and second-generation industrial properties in Southern California for income and appreciation.
The fund is looking for core properties in these key submarkets in Southern California. Chase has already acquired several local properties and is actively looking to build a solid portfolio in the region.
“The dynamics of industrial, logistical and last-mile warehouses in SoCal, coupled with the extreme shortage of product, makes this fund launch an exciting opportunity,” says David Parker, president of Chase Partners.