{"id":1004601935,"date":"2022-09-08T03:49:36","date_gmt":"2022-09-08T11:49:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004601935"},"modified":"2022-12-09T02:51:41","modified_gmt":"2022-12-09T10:51:41","slug":"marcus-partners-closes-largest-fund-at-650m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/marcus-partners-closes-largest-fund-at-650m\/","title":{"rendered":"Marcus Partners Closes Largest Fund at $650M"},"content":{"rendered":"
\"Paul<\/a>

Paul Marcus, Founder & CEO, Marcus Partners. Image courtesy of Marcus Partners<\/p><\/div>\n

Marcus Partners<\/strong> has reached a final closing of its Marcus Capital Partners Fund IV L.P., a value-add real estate fund, with commitments totaling $650 million.<\/p>\n

The amount exceeds both the original $500 million fundraising target and $550 million hard cap, which the company called \u201ca demonstration of investor confidence in the firm\u2019s mission, team and investment strategy.\u201d<\/p>\n

Marcus Partners COO & Head of Capital Patrick Sousa noted in a prepared statement that investors in the fund included both \u201cmany longtime investors\u201d and \u201ca select number of new key relationships.\u201d<\/p>\n

\n

READ ALSO<\/strong>: What\u2019s Constraining CRE Lenders?<\/a><\/p>\n

\n

\u201cAmid today\u2019s volatile investment landscape, we remain keenly focused on capital preservation,\u201d Marcus Partners Founder & CEO Paul Marcus told Commercial Property Executive<\/em>. \u201cWhile today\u2019s complicated investment environment is creating greater risk, we believe it will also generate additional opportunities.\u201d<\/p>\n

\u201cBeing a diversified value-add investor allows us to adjust with market conditions,\u201d he added. \u201cWe are seeing opportunities in cash-flowing assets that offer both downside protection and upside value-creation potential. We are also keenly focused on opportunities \u2026 for change-of-use and major repositioning efforts.\u201d<\/p>\n

Marcus Partners is headquartered in Boston, with regional offices in metro New York City and metro Washington, D.C.<\/p>\n

From steel to cells<\/h2>\n

Active in Boston, New York and Washington, D.C., Marcus Partners has in recent years particularly focused on value-add opportunities in industrial, multifamily and life science assets.<\/p>\n

As an example of that, in June Marcus Partners began construction on the Foundry at Drydock<\/a>, on the South Boston waterfront. The 262,000-square-foot, two-building project will include adaptive reuse of a former steel manufacturing building and has already found its sole tenant, biotech company Ginkgo Bioworks.<\/strong><\/p>\n

Citizens Bank N.A. provided $194 million in construction funding. The project has been well along in the planning stages<\/a> since at least April 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"

Commitments from both longtime and new investors pushed the amount well beyond its original hard cap. <\/p>\n","protected":false},"author":882,"featured_media":1004602653,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21748,21783,21754,23891,21742],"tags":[34323],"class_list":["post-1004601935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-industrial","category-investment","category-medical-office","category-national","category-latest","tag-marcus-partners"],"acf":[],"yoast_head":"\nMarcus Partners Closes Largest Fund at $650M - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Marcus Partners has reached a final closing of its value-add Marcus Capital Partners Fund IV L.P., with commitments totaling $650 million.\" \/>\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\/marcus-partners-closes-largest-fund-at-650m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marcus Partners Closes Largest Fund at $650M\" \/>\n<meta property=\"og:description\" content=\"Marcus Partners has reached a final closing of its value-add Marcus Capital Partners Fund IV L.P., with commitments totaling $650 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/marcus-partners-closes-largest-fund-at-650m\/\" \/>\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=\"2022-09-08T11:49:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:51:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/Marcus-Partners-Founder-and-CEO-Paul-Marcus.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"817\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\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\/marcus-partners-closes-largest-fund-at-650m\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/marcus-partners-closes-largest-fund-at-650m\/\",\"name\":\"Marcus Partners Closes Largest Fund at $650M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-partners-closes-largest-fund-at-650m\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-partners-closes-largest-fund-at-650m\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/Marcus-Partners-Founder-and-CEO-Paul-Marcus.jpg\",\"datePublished\":\"2022-09-08T11:49:36+00:00\",\"dateModified\":\"2022-12-09T10:51:41+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"description\":\"Marcus Partners has reached a final closing of its value-add Marcus Capital Partners Fund IV L.P., with commitments totaling $650 million.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-partners-closes-largest-fund-at-650m\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/marcus-partners-closes-largest-fund-at-650m\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-partners-closes-largest-fund-at-650m\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/Marcus-Partners-Founder-and-CEO-Paul-Marcus.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/09\/Marcus-Partners-Founder-and-CEO-Paul-Marcus.jpg\",\"width\":817,\"height\":600,\"caption\":\"Paul Marcus, Founder & CEO, Marcus Partners. 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