JCR Capital, the alternative investment management platform of Walker & Dunlop, has closed its fourth fund. JCR Capital Income Plus Fund IV surpassed its initial target of $130m by raising $306m. The fund will focus exclusively on middle market properties — properties currently valued at $50m and less — in the multifamily, industrial and office sectors, as well as select retail assets. JCR Capital is an SEC Registered Investment Adviser that invests on behalf of insurance companies, public pension funds, endowments, foundations and family offices.
“The success of this fund raise is a direct result of JCR’s track record of protecting principal and providing investors with attractive risk-adjusted returns through several market cycles,” said Jay Rollins, managing principal of JCR Capital. “In addition, the investment community respected our history of accurately reading the market, including calling the top of the market in 2007 and our ability to select the appropriate investment strategy for the times. Fund IV is designed to protect against this downside scenario with stress-tested underwriting, while providing an ‘upside hedge’ in the event that a market dislocation does not occur over the next three years.”
