Redcar Fund Management has closed on Redcar Fund II with $418 million in equity commitments. The fund acquires and converts underperforming industrial properties into creative office assets.

In its debut Fund 1, the company acquired 15 assets which will total 1.4 million square feet when they are redeveloped. All of the properties in Fund I are located in the LA submarkets of Culver City, Santa Monica, Silver Lake, Frogtown and Chinatown — which are being driven by the expansion of content creation studios, gaming, music, fashion, and media companies such as Amazon Studios, HBO, and Apple.

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David Hoffman


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