News: Front Section

Marcus Partners closes $650 million fund

Boston, MA Marcus Partners completed the closing of Marcus Capital Partners Fund IV, L.P., a value-add real estate fund with commitments totaling $650 million.

This exceeds both the original $500 million fundraising target and $550 million hard cap, a demonstration of investor confidence in the firm’s mission, team and investment strategy.

“Amidst today’s volatile investment landscape, we remain keenly focused on capital preservation,” said Marcus Partners founder and CEO Paul Marcus. “We have a demonstrated track record of investing across economic cycles and our vertically-integrated team is well-positioned to capitalize on dislocations in our target, knowledge-based markets.”

“We are deeply thankful to our many longtime investors that committed to Fund IV and pleased to expand our investor base with a select number of new key relationships,” said Marcus Partners chief operating officer & head of capital Patrick Sousa. “This is strong recognition of our differentiated value proposition and commitment to generating strong returns for investors.”

The firm is active in three primary metro markets – Boston, New York and Washington, D.C. In recent years, Marcus Partners has particularly focused its value-add strategy on industrial, multifamily and life science investments, while simultaneously possessing the ability to invest across additional property types.

MORE FROM Front Section

Newmark negotiates sale of 10 Liberty Sq. and 12 Post Office Sq.

Boston, MA Newmark has completed the sale of 10 Liberty Sq. and 12 Post Office Sq. Newmark co-head of U.S. Capital Markets Robert Griffin and Boston Capital Markets executive vice chairman Edward Maher, vice chairman Matthew Pullen, executive managing director James Tribble,
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

How COVID-19 has impacted office leasing - by Noble Allen and John Sokul

To say that the effects of COVID-19 has transformed office leasing is an understatement. When COVID-19 was at its peak, office spaces were practically abandoned either through governmental mandates or through actions taken by businesses themselves.

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Make PR pop by highlighting unique angles - by Stanley Hurwitz

Coming out of the pandemic, a client with three hotels in Provincetown, Mass., needed ways to let the world know his properties were open for business for the 2021 tourist season.
Four tips for a smooth 1031 Exchange - by Bill Lopriore

Four tips for a smooth 1031 Exchange - by Bill Lopriore

Many real estate investors do not understand the specific requirements that must be met to secure the benefits of a tax-deferred 1031 exchange. For example, the replacement property must be identified within 45 days of the closing date of the relinquished property.
Five ways to ruin a  Section 1031  Like-Kind Exchange - by Bill Lopriore

Five ways to ruin a Section 1031 Like-Kind Exchange - by Bill Lopriore

While there is some flexibility when structuring a like-kind exchange, some important requirements must be met. A mistake can ruin your exchange. Here are five mistakes to avoid: