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Partners Capital plans to raise $150 million for its latest investment vehicle
Houston, TX, April 25, 2023 – Partners Capital, the investment platform of Partners Real Estate—one of the largest independent commercial real estate firms in Texas—announced that it has launched Partners Opportunity Fund V, the entity’s fifth commercial real estate investment vehicle for its value-add investment strategy. The Partners Capital team is looking to raise at least $150 million in equity to build on its success in identifying and acquiring high-quality industrial, retail, and office assets in the major markets across Texas and the southeastern United States.
“We are excited to launch Partners Capital’s Opportunity Fund V, which represents the next chapter in our commitment to delivering exceptional risk-adjusted returns to our investors through carefully curated, value-add real estate investments,” said Andrew Pappas, President of Partners Capital. “This fund marks our largest to date and our team stands ready to accumulate a strong, diversified portfolio of assets for our investors with over $400 million in purchasing power.”
“We see a lot of opportunity in this current market,” said Adam Hawkins, Partner at Partners Capital. “Acquiring assets in a challenging interest rate market aligns well with our diligent, conservative approach to investing and debt financing. We are starting to see opportunities to acquire assets at attractive valuations as sellers see the Fed stay hawkish on interest rates. The pipeline for Fund V is strong and we look forward to delivering exceptional results to our investors.”
It’s already been a busy year for Partners Capital, which recently sold Blanco Crossing, a 22,606-sq.-ft. retail center in San Antonio, and acquired Mitchelldale Business Park, a 12-building, 377,752-sq.-ft. industrial flex portfolio—their largest acquisition to date. Partners Capital tapped Jess Dickie as Vice President of Acquisitions to source new acquisitions in North Texas and also hired Adam Lair to spearhead its new hospitality fund investment strategy that will be launching later this year.
During the last seven years, Partners Capital has successfully raised and deployed four investment funds, totaling more than $450 million in transaction volume. Its current portfolio comprises more than 1.4 million sq. ft. of properties located throughout Texas’ major markets.
For additional information regarding Partners Capital and Partners Opportunity Fund V, please contact Andrew Pappas at 713.629.0500. For new Partners Capital acquisition or disposition opportunities, please contact Adam Hawkins at 713.985.4604 or via email at [email protected].