(RealShareOrange County convenes at the Hyatt Regency,Irvine, August 16.)
ORANGE COUNTY, CA-Bridgeport Investments, anOrange County-based real estate investment banking and advisoryfirm, has recently secured a commitment for $25 million of equityfinancing for several future acquisitions of industrialproperties in California, according to the firm’s foundingprincipal Randy Bramel. Bramel tells GlobeSt.comthat the investment demand forindustrial projects is strong because thefundamentals for industrial properties in most markets in SouthernCalifornia continue to show improvement.
For that particular deal, the $25 million equity commitment wasraised by Bridgeport Investments from an institutional investor onbehalf of CapRock Partners, a private investmentfirm headquartered in Orange County. This is a second equitycommitment that followed a $12.5 million commitment that Bridgeportraised in 2011, which CapRock used to acquire six buildingsthroughout California. CapRock will use the additional fundsto acquire industrial properties in California, which caninclude buildings, land, or non-performing loans secured by suchproperty.
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