DALLAS–As GlobeSt.com reported earlier in the month,locally-based Velocis Fund LP has launched itssecond fund. Velocis Fund II has a targeted equitycapital raise of $300 million and will pursue office, medicaloffice and retail properties in growth markets throughout the US.GlobeSt.com caught up with Managing Principal Fred Hamm to find outfirst hand about the initial fund and the new one.

GlobeSt.com: Can you walk me through briefly the currentstatus of Fund I?

Hamm: Velocis launched in February of2010, targeting U.S. real estate assets in demand driven/supplyconstrained markets in the $10 million to $50 million range,focusing on core-plus office, medical office and retail properties.Velocis successfully closed Fund I in March of 2013 with equitycommitments exceeding $141 million. Currently, Velocis hasapproximately $305 million in total assets under management. TheFund is currently 76% deployed and anticipates being fully deployedby late Q3 2014, thus, achieving a portfolio size of approximately$400 million.