DENVER—Baceline Investments, LLC, a boutique private equity real estate investment and management company with retail holdings throughout the Central US, has just launched Baceline High Yield Income Fund, LLC, the firm's first high yield fund.
"Pricing is still reasonable in the Midwest as opposed to the gateway cities on the coasts," David Puchi, managing partner for the Denver-based Baceline, tells GlobeSt.com. "We can still find value there. The institutional market has not discovered the middle of the country."
This fund has a minimum investment of $1 million and Baceline designed it for investors seeking a high level of regular income with the prospect of capital gain. The company plans to attract about $50 to $75 million in equity capital and will invest in neighborhood retail centers mostly located in secondary markets such as Omaha, Kansas City, Louisville, Des Moines, Puchi adds. Chicago-area properties will also be considered.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
