Rockwood Capital, a private real estate investment firm, has closed Rockwood Capital Real Estate Partners Fund X, L.P. (Fund X) with $1.1 billion in capital commitments.
Photo courtesy of Flickr
The fund will target office, residential, retail and hotel assets in urban and “suburban core” mixed-use environments in the United States.
In particular, Fund X will target growing and evolving neighborhoods, especially those driven by some combination of education, wealth and favorable population-based socioeconomic
trends.
As of the final closing, Fund X is approximately 30 percent committed, having completed nine investments. “Fund X has consummated nine investments to date that we believe will deliver compelling, risk-adjusted returns as we execute our value-enhancing business plans. We will continue to employ a measured investment pace, applying discipline and patience to identify and take advantage of opportunities that are consistent with our investment strategy,” said Tyson Skillings, a Managing Partner and the Portfolio Manager of Fund X.
“We will focus on speed-to-income, or how quickly value creation can be executed and a durable income stream put in place.”
