Orange County-based MCA Realty successful raised its first fund, hitting its target with $50 million in equity commitments, resulting in approximately $130 million in buying power. The MCA Realty Industrial Growth Fund LP received broad support from both existing and new limited partners.
The strategy will leverage MCA Realty’s investment platform and expertise in acquiring value-add industrial properties across the Western U.S., specifically targeting small and mid-bay multi-tenant industrial assets with opportunities for value creation in markets poised for economic growth. MCA Realty typically invests in single assets on behalf of its limited partners but, due to high demand in the industrial sector, was able to raise its debut fund in just three months during the global pandemic.
“The industrial sector has undergone tremendous growth over the last several years as the rise in e-commerce has continued to grow,” says Tyler Mattox, principal at MCA Realty. “In fact, this trend has been accelerated by the pandemic and demand for industrial properties has continued to rapidly increase. The launch of this fund will allow MCA to act quickly on acquisitions that make sense for our investors in terms of asset class, geography and target return profile. We will continue to deploy capital over the next 24 months in key markets across the Western U.S.”
According to Mattox, the firm has already begun to deploy capital within the fund, acquiring its first property, Lakewood Business Park, a 136,350-square-foot industrial property in Lakewood, WA.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.
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