CapRocq Core Closes On Two Properties, Portfolio At $165 Million

CapRocq Core, an Arkansas-based real estate partnership focused on acquiring real estate assets in the South and Midwest, today announced plans to acquire its final two properties, which should close early this fall.

The final acquisitions will include an office campus of more than 265,000 sq. ft. in North Carolina and an additional office building in Central Arkansas. The Central Arkansas office building was not disclosed.

The completion of the closings will bring the fund’s total acquisitions to more than $165 million and more than 2.2 million sq. ft.

“These two properties will round out our CapRocq Core acquisitions,” Kevin Huchingson, co-founder and COO of the fund, said. “Our focus from the beginning has been to build a high-quality, diversified real estate portfolio with properties throughout America’s heartland and with these two final purchases we have accomplished that.”

CapRocq Core was established in December 2012 and founded by Huchingson, Dewitt Smith, Franklin McLarty and Ted Dickey. The investor base primarily consists of leading Arkansas-based institutions and accredited individual investors.

Colliers International Arkansas is the group’s exclusive real estate broker and advisor. Mr. Huchingson is the President and CEO of Colliers. The asset focus is primarily in office space, industrial and retail real estate assets in Arkansas, Oklahoma, South Carolina, North Carolina and north Florida.

A filing made last month with the U.S. Securities & Exchange Commission established a second fund, CapRocq Core 2, which will continue the acquisition and growth strategy employed by CapRocq Core. An official announcement for CapRocq Core 2 is expected in early September.