BOSTON – Marcus Partners, a real estate investment, management and development firm, announced the final closing of Marcus Capital Partners Fund III, L.P., a value-add real estate fund with commitments totaling $360 million.
This exceeds both the original $300 million fundraising target and $350 million hard cap, a strong demonstration of investor confidence in the firm’s mission, team and investment strategy. Commitments to Fund III include more than 80 percent of Fund II’s investors, and represents approximately 85 percent institutional investors, along with a select group of high-net-worth families, the majority of whom have been investing with the Marcus Partners team for over a decade.
“We are grateful for the support we have received from both long-standing and new limited partners,” said Marcus Partners Founder and Principal Paul Marcus. “I am proud of the team we have built out over the past decade and this fundraise validates our belief that we are extremely well-positioned to continue generating strong returns for investors over the long-term.”
The firm is active in three primary metro markets – Boston, New York and Washington, DC. Fund III’s existing portfolio is concentrated in industrial, life science and multifamily investments, including more than 1.4 million square feet of industrial real estate in Greater Boston, a life science development site in the South Boston Waterfront, and a multifamily development site in Metro Washington, D.C. In recent years, the firm has particularly focused on industrial, life science and multifamily investments, while simultaneously possessing both the expertise and mandate to invest across additional property types.
With a critical focus across multiple ESG dimensions, Fund III is an opportunity to continue adding to the firm’s approximately 1 million square feet of solar roofs and more than 1 million square feet of LEED certifications. Notably, in 2020, the company installed the state’s largest rooftop solar array within the Solar Massachusetts Renewable Target program.
Marcus Partners is a vertically integrated real estate firm with a strong history of successful investment, management and development. The firm is based in Boston, with regional offices in Metro New York City and Metro Washington, D.C. The firm focuses on strategic and opportunistic investment strategies across multifamily, industrial, life science and other property types where it can create value and maximize risk-adjusted returns. Its current portfolio includes approximately 7 million square feet of commercial real estate along the East Coast.