IP Capital Partners is preparing for its upcoming round of purchases, with a specific focus on distressed and value-add commercial properties. This comes after the successful initial closing of IPCP Florida Realty Value Fund IV LP, which generated $95.4 million in equity. The fund’s main objective is to target industrial and office assets in the southeastern region of the United States, particularly in Florida. Over the next 12 months, IP Capital aims to increase the fund size to $125 million.
Utilizing joint ventures and leveraging opportunities, IP Capital intends to acquire over $900 million worth of real estate within their targeted geographic area and asset classes.
According to Jason Isaacson from IP Capital: “The growing population in Southeast has led to an increased demand for regional distribution centers while global trade has made space near ports more valuable.” As such, seventy percent of funds will be allocated towards industrial properties located in Florida as well as other states like North Carolina, South Carolina,Tennessee,and Georgia; while equal portions will go towards acquiring office buildings and medical offices specifically within Florida.
