With leverage, the fund will be able to acquire some $7 billion of real estate. Up to 45% of the equity will be invested outside the US. In the US, the fund is open to acquiring all product types in the US. In Japan and Europe, it will focus on distressed, restructuring and deep value creation investment opportunities.
Rockpoint Fund II is Rockpoint's third discretionary real estate investment fund and the seventh fund involving Rockpoint's five managing members, Patrick Fox, Keith Gelb, Gregory Hartman, Jonathan Paul and William Walton. The prior six funds have acquired $22 billion of real estate assets.
Rockpoint was founded in 2003. The company has offices located in Boston, Dallas, San Francisco and Tokyo and plans to open additional offices in Frankfurt and London by the end of 2005.
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