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$250M Fund Aims East of the Mississippi

BOSTON-Marcus Partners is closing MarcusCapital Partners Fund I, which is poised to fine office, bio-medical, medical office and light industrial properties.

By Ryan Clark | Updated on July 22, 2009

BOSTON-Locally based Marcus Partners is closing its Marcus Capital Partners Fund I, which is focusing on office, bio-medical, medical office and light industrial properties in major cities “primarily east of the Mississippi River,” states a release. The fund is currently at $210 million.

The assets being targeted will range from $10 million to $130 million. The fund will invest roughly $400 million dollars as they work out deals with roughly 50% debt, Paul Marcus, president of Marcus Partners tells GlobeSt.com.”We’re looking at everything from distressed to just straight up purchases,” he explains. “I think the fund will end up being probably about 60% to 70% C interests of either preferred equity or just direct fee ownership interests. And another 30% will be more debt related or ‘special situations’.”

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