MCA Realty Raises First Fund with $50 Million in Equity Commitments; More than $130 Million in Buying Power

Tyler Mattox

 

ORANGE COUNTY, CA – MCA Realty, a full-service real estate investment and management company based in Orange County, California, announced the successful raise of its first fund with $50 million in equity commitments, resulting in approximately $130 million in buying power.

MCA Realty's principals, Tyler Mattox, Jared Gordon, and Peter Cheng have successfully navigated a full spectrum of market conditions, and pride themselves on building and maintaining strong relationships with industry partners.

The MCA Realty Industrial Growth Fund, LP received broad support from both existing and new limited partners, achieving its initial fundraise target of $50 million.

 The strategy will leverage MCA Realty’s investment platform and expertise in acquiring value-add industrial properties across the Western U.S. - specifically targeting small and mid-bay multi-tenant industrial assets.

Jared Gordon

MCA Realty typically invests in single assets on behalf of its limited partners, but due to high demand in the industrial sector was able to raise their debut fund in just three months during the global pandemic.

“We have a long-established track record within the multi-tenant industrial space across the western states, which is one of the reasons we were able to raise capital for the fund so quickly,” explains Tyler Mattox, Principal at MCA Realty.

“Our proven approach, the stability of tenants in this asset class through the COVID-19 pandemic, combined with the increasing tenant demand of well-located industrial assets was attractive to investors.”

Peter Cheng

The fund will target small and mid-bay industrial properties in markets poised for economic growth where there is opportunity for value creation.

“The industrial sector has undergone tremendous growth over the last several years as the rise in e-commerce has continued to grow,” says Mattox.

 “In fact, this trend has been accelerated by the pandemic and demand for industrial properties has continued to rapidly increase.

 "Because of our niche focus, we understand how to identify, source and acquire these assets below replacement cost where we can then implement upgrades and address operational inefficiencies to enhance long-term value.”

Lakewood Business Park, Lakewood, WA

According to Mattox, the firm has already begun to deploy capital within the fund, acquiring its first property, Lakewood Business Park, a 136,350 square-foot industrial property in Lakewood, Washington in late 2020 for $18.2 million.

“The launch of this fund will allow MCA to act quickly on acquisitions that make sense for our investors in terms of asset class, geography and target return profile,” says Mattox. 

“We will continue to deploy capital over the next 24 months in key markets across the Western U.S.”

 CONTACT:

khaga@brower-group.com

www.mca-realty.com.