Rockwood Maps Out New Fund
Rockwood Capital is putting together a fund to succeed Rockwood Capital Real Estate Partners Fund VI.
Rockwood Capital is putting together a fund to succeed Rockwood Capital Real Estate Partners Fund VI. The fund, which will likely be called Rockwood Capital Real Estate Partners Fund VII, is expected to be larger than the $657 million fund VI, which Rockwood is close to fully investing. Chris Fraley, senior v.p., said the fund will have its first close in June.
Rockwood has historically focused on the Boston to Washington, D.C., corridor and California, investing in all property types--with the exception of industrial--in suburban and urban markets. It has recently done deals in Florida and in Atlanta.
The company also has joined forces with Howard Group for the development of Grand Boulevard at Sandestin, a 530,000 square foot lifestyle center in Sandestin, Fla. (see related story, page 8).