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New Fund to Invest $300M in Western Properties

EL SEGUNDO, CA-Haverford Realty Investors sees a niche below the radar of larger funds. Plays throughout most of the West Coast will range between $1.5 million and $10 million

By Bob Howard | Updated on June 25, 2002

EL SEGUNDO, CA-Eight-year-old Haverford Capital says it will invest in $300 million worth of office, industrial, retail, apartment and condominium projects in California, Denver, Las Vegas, Phoenix, Portland, Salt Lake City and Seattle over the next year to 18 months through a new fund called Haverford Realty Investors.

The new fund, which has already completed its first round of financing, will focus on value-added deals in the range of $1.5 million to $10 million.

Such deals are smaller than the transactions of larger funds that offer debt and equity financing comparable to that provided by Haverford, David B. Blenko, president/CEO of Haverford Capital, tells GlobeSt.com.”The business we’re looking at falls below the radar screen of many of the larger funds,” Blenko say. “We typically look at properties that offer us some opportunity to add value.”

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