{"id":1004148502,"date":"2016-07-22T00:43:39","date_gmt":"2016-07-22T08:43:39","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004148502"},"modified":"2020-05-18T11:04:45","modified_gmt":"2020-05-18T19:04:45","slug":"velocis-closes-second-fund-raises-270m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/velocis-closes-second-fund-raises-270m\/","title":{"rendered":"Velocis Closes Second Fund, Raises $270M"},"content":{"rendered":"

By Keith Loria, Contributing Editor<\/p>\n

\"Left<\/a>

Left to right: Jim Yoder, Paul Smith, Fred Hamm, David Seifert and Mike Lewis of Velocis<\/p><\/div>\n

Dallas<\/strong>\u2014Velocis<\/a> has closed its second fund with equity commitments exceeding $270 million, bringing Velocis Fund II assets under management to $400 million.<\/p>\n

The current equity commitments provide Fund II with $775 million in purchasing power, incorporating moderate leverage. Management anticipates raising an additional $50 million of co-investment equity from investors, giving Fund II approximately $920 million in purchasing power.<\/p>\n

\u201cClearly, having a successful preceding fund is key. We continue to do quite well in Velocis Fund I,\u201d Fred Hamm, Velocis managing principal, told Commercial Property Executive<\/a><\/em>. \u201cAdditionally, we believe we have a very good balance of high net worth, family office and institutional capital. We exert great effort towards all three investor classes. We\u2019re very appreciative of the support we receive from our investors.\u201d<\/p>\n

Velocis Fund II is pursuing a value-add investment strategy across 10 markets and four product types: traditional office, medical office, data center and retail properties.<\/p>\n

\u201cWe will deploy capital in major secondary markets like Phoenix, Denver, Dallas, Atlanta, Charlotte, and the D.C. Corridor, to mention a few,\u201d Hamm said. \u201cAlthough our acquisition pipeline is always active, we will continue to be very judicious as we invest our capital over the next three years.\u201d<\/p>\n

Velocis Fund II has already deployed 27 percent of its capital with two office assets in the Phoenix\/Scottsdale market; two office assets in the D.C. Corridor; and one data center in Charlotte, N.C.<\/p>\n

According to Hamm, a core principle of Velocis\u2019 investment strategy is proper diversification and it looks at a lot of deals and maintains strict discipline before committing capital.<\/p>\n

\u201cMarkets and various classes of commercial real estate behave differently along the cycle. Optionality gives us the flexibility to pursue opportunities in multiple markets and multiple product types,\u201d he said. \u201cAs a result of this approach, we\u2019re not forced to make something happen in a \u2018hot\u2019 market. With years of experience and meaningful relationships across the U.S., we have the ability to source outstanding opportunities that fit our investment strategy.\u201d<\/p>\n

Joining Hamm as principals in Fund II are Mike Lewis, David Seifert, Paul Smith and Jim Yoder.<\/p>\n","protected":false},"excerpt":{"rendered":"

The current equity commitments provide Fund II with $775 million in purchasing power.<\/p>\n","protected":false},"author":451,"featured_media":1004148506,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21808,21783,21742],"tags":[],"class_list":["post-1004148502","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-featured","category-investment","category-latest"],"acf":[],"yoast_head":"\nVelocis Closes Second Fund, Raises $270M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/velocis-closes-second-fund-raises-270m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Velocis Closes Second Fund, Raises $270M\" \/>\n<meta property=\"og:description\" content=\"The current equity commitments provide Fund II with $775 million in purchasing power.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/velocis-closes-second-fund-raises-270m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-07-22T08:43:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-18T19:04:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/07\/velocisfundii_team.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"685\" \/>\n\t<meta property=\"og:image:height\" content=\"361\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/velocis-closes-second-fund-raises-270m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/velocis-closes-second-fund-raises-270m\/\",\"name\":\"Velocis Closes Second Fund, Raises $270M - 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