With 70% agency debt or senior debt leverage, Feeley expects to haveroughly $100 million in purchasing power within a year. The company is closing in on two assets, he adds--a multifamilyproperty in Atlanta that was put on the market by a distressed sellerand a student housing project in a mid-sized town in Pennsylvania.The company is launching at a fortuitous time--at least from theperspective of a new-to-the-scene investor, Freeley says. "I've had asuccessful career at NorthMarq but now is a terrific time to start acompany--commercial property prices have taken a major hit. Valuesare going to start to creep back up as the economy settles but rightnow we are coming in at what we think is the bottom of the market."

The company will be targeting high-net worth individuals, familyoffices and institutional investors. It is seeking core-plus,value-add, opportunistic and distressed opportunities.The principal investors in Oculus Capital Group include members ofMetro Commercial, a major leasing and investment sales brokerage firmbased in Conshohocken, PA and Mount Laurel, NJ, as well as Newman DevelopmentGroup, LLC and Hughes Development Group, LLC.