LOS ANGELES--(BUSINESS WIRE)--Regent Properties (“Regent”) today announced the closing of over $300 million in equity commitments towards its current strategy of acquiring office properties across the western United States. Investors include the world’s largest asset manager, BlackRock; Caxton Alternative Management; and other large institutional investors and high net worth family offices.
Regent is actively acquiring core plus, value-added and opportunistic acquisitions in its target markets. Single property acquisitions typically range in size from $15 million to $75 million. Since commencing this strategy, Regent has acquired a portfolio of nine projects totaling over $250 million of asset value.
“Our success in fundraising is a result of our current strategy resonating with investors, who are in turn demonstrating confidence in our consistent ability to identify and select compelling value-added opportunities and then to execute our business plans successfully through realization, always acting as their trusted fiduciary,” said Eric Fleiss, President.
Regent’s team is comprised of seasoned real estate professionals skilled in acquisitions and underwriting, asset and construction management, leasing, finance and operations with the complete range of in-house expertise, experience and long-term relationships to enable exceptional execution of its investment strategies.
Last September Regent announced its first close with $60 million in capital commitments just four months after its launch in order to capitalize on the opportunity to acquire undervalued office buildings and related assets in Dallas, Phoenix, San Diego, Las Vegas, and other cities throughout the western United States.
About Regent Properties
Headquartered in Los Angeles, California, Regent Properties was established in 1989. Over the past 25 successful years, principals Jeff Dinkin, Doug Brown and Eric Fleiss have transformed Regent from the real estate arm of the Kohl family office to a multi-faceted real estate investment management platform. Regent and its principals have acquired, developed, financed and/or managed over $3 billion in real estate transactions nationally, encompassing more than 12 million square feet of retail, commercial, residential and mixed-use projects and 14,000 acres of master planned communities representing 34,000 lots. Regent’s current assets under management total greater than $750 million.