CapRock Partners (CapRock), an industrial investor, developer and asset manager in the Western US and Texas, has held the final closing of CapRock Logistics Venture at nearly USD700 million, significantly above its initial target of USD450 million.
The venture represents CapRock’s first development-focused vehicle, marking an expansion of its fund business, which has traditionally focused on value-add investments.
CapRock Logistics Venture is fully allocated to new large-scale industrial real estate projects and will fund nearly USD2 billion for Class A developments strategically located throughout the Western US. By the end of 2021, CapRock will be under construction on approximately seven million square feet of the venture’s 15 million-square-foot pipeline
