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indsutrial buildingCapRock Partners is on track to oversubscribe its latest industrial fund, despite the change in market conditions. CapRock Partners Industrial Value-add Fund III currently has $180 million in commitments, close to its initial $200 million target. The fund is scheduled to close fundraising at the end of the year.

“We had our first closing in February, right before the pandemic hit, and our target has always been to finalize the fund raise at the end of this year,” Jon Pharris, co-founder and president of CapRock Partners, tells GlobeSt.com. “We anticipate, based on investor interest, that we will be oversubscribed.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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