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Integrated Capital Management has launched Integrated Realty Capital II LP, its fourth investor offering. The new fund expects a $50 million capital raise and will target GP or sponsor equity investments averaging approximately $3 million to $5 million. The fund will invest in value-add opportunities across asset classes.

Integrated Realty Capital II LP has already closed on its lead investment, a 29-key oceanfront hotel directly across from the Doheny State Beach in Dana Point. The fund plans to completely renovate and rebrand the hotel. Once the renovation is complete, the hotel will feature first floor rooms with ocean views and private patios and second floor rooms featuring panoramic ocean views and balconies. To complete the purchase, the fund quickly raised $14 million in just three weeks from returning investors.

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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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