After successfully deploying the vast majority of capital from its inaugural fund, Marquee Capital announced that it is formally launching its second real estate fund, Marcus RE Fund II, LP, that will also include seniors housing in multiple geographies as well as opportunistic real estate plays with proven sponsors. The firm seeks to raise $100 million from other family offices, high-net-worth individuals, consultants, wealth managers and institutions. Marquee Capital recently rebranded from Berengaria Development, however the firm is still closely affiliated with Marcus Investments, the Marcus’ family office.
Marquee Capital noted seniors housing’s stable cash flow and extreme value-add opportunities as reasons to get in the space. With over $300 million in current assets under management, over $700 million in total transactions, 1.85 million square feet of retail assets managed and 540 senior housing units, it should be a significant player in the industry in the coming decade.
