Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LOS ANGELES-Mesa West Capital LLC, a Los Angeles-based real estate investment manager, is set to close its third value-added debt fund this month with commitments between $730 and $750 million. With $700 million in commitments already sourced, the firm has already surpassed its original target of $650 million.

The excess funding is indicative of a successful net return track record the firm has supplied investors in its earlier two funds. In June 2010, Fund II, for example, closed at $614.5 million in commitments and produced and internal net return of 15%. The target net return for Fund III is 12% with a 1.35% management fee on committed capital and invested equity. These management fees are 15 basis points lower than Fund II.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.