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New $100M Bradford Fund to Focus on Value-Add, Distressed Properties
The Bradford Companies are looking for value-add office and industrial assets emerging from capital market challenges. Those are the parameters the Dallas-based company will use with its newly-raised $100 million fund, Bradford Opportunity Fund II. The Dallas Business Journal reports they are focusing all of their efforts on the Dallas/Ft. Worth metro area.
“The current high interest rate environment has lenders locked up and owners needing to trade out of assets with financing issues,” said Kevin Santaularia, president and CEO of Bradford.
Bradford Property Company Inc. is the manager and general partner of its funds. The full-service commercial real estate brokerage, property management and investment firm manages 15 million square feet in North Texas for major institutions, lenders, pension fund advisors and investors.
- ◦Financing