CapRocq Core Real Estate Fund Garners $56 Million In New Equity

Nearly one year ago and with an initial $50 million capitalization, a group of Arkansas real estate leaders formed a new private investment fund focused on acquiring assets throughout the Midwest and Southeast regions of the country.

On Tuesday (Dec. 17), Arkansas-based CapRocq Core Real Estate Fund announced its final closing with over $56 million in equity raised. Since its inception in December 2012, the Fund has acquired over $100 million in assets.

The founders of the fund include Franklin McLarty, Dewitt Smith, Kevin Huchingson, and Ted Dickey. Combined, the group has 77 years of commercial real estate experience and a history of more than $1 billion in combined real estate transactions.

“We are quite pleased with the response from our investors, many of whom have prior investment experience with one or more of our partners. We believe that we have assembled an extremely competent and diverse team with a great depth of experience in real estate transactions, asset and property management and financing. The complementary experiences of our partners allow us to utilize a focused, hands-on approach in the management of all of the assets in the fund,” said Huchingson.

CapRocq Core has acquired primarily office space with some industrial and retail real estate assets in Arkansas, Oklahoma, South Carolina, North Carolina and north Florida. Additional acquisitions are planned.

“Our team is very comfortable with our strategy of investing in well leased properties in secondary cities in the heartland and in utilizing large amounts of equity to avoid excess leverage. As a result we believe that the risk adjusted returns will be very attractive when compared to alternative real estate investments,” said Smith, CEO of the fund.