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ScanlanKemperBard Launching Private Fund, JV

PORTLAND, OR-Coming off a record year that saw its total deal volume top $1 billion, locally headquartered ScanlanKemperBard Cos. expects to grow exponentially in 2006, thanks in large part to the company's historical overall weighted average annual yield of approximately 25%, net of fees.

By Brian K. Miller | Updated on January 19, 2006

PORTLAND, OR-ScanlanKemperBard Cos. is attracting a lot of capital these days. Coming off a record 2005 wherein it bought and sold $517 million worth of real estate and provided equity for $530-million of West Coast urban luxury condominium construction, the locally based real estate merchant banking firm is poised to grow exponentially this year with its first private fund and a new joint venture.

For the fund, SKB principal and CEO Bob Scanlan tells GlobeSt.com the company expects to raise $125 million in the coming months, including $75 million from wealthy individuals and an additional $50 million from institutions. With 70% leverage, the company would be able to acquire about $425 million worth of office, retail and industrial real estate.

On top of that, the firm recently formed a joint venture with Griffin Partners of Beverly Hills, CA, to acquire $400 million worth of multifamily assets in Southern California’s Inland Empire. In addition, outside of the fund and the JV, the company expects to provide additional equity for urban luxury residential condo developments and select retail projects throughout the Western US.

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