MidBlock Capital Management Announces Formation of $20mm Retail Development Fund
MidBlock Capital Management has formed its first private equity fund to develop retail centers across the Southwestern United States. MidBlock Retail Fund will have an initial capitalization of $20 million.
Las Vegas, NV, January 26, 2008 --(PR.com)-- MidBlock Capital Management announces the formation of a $20 million private equity retail development fund. MidBlock Capital Management believes that their experience and streamlined approach to development will provide extraordinary returns to its investors.
MidBlock Retail Fund is an opportunistic private equity real estate fund seeking to provide investors with a substantial rate of return while minimizing risk. With the internal capacity to facilitate every scope of the development process, and a resourceful and experienced management team, MidBlock Capital Management has cultivated a model that offers a fast and streamline approach to development which minimizes the amount of time that investors’ capital-equity is exposed and maximizes the their rate of return. The management of the fund has over 30 years of experience in all aspects of commercial real estate and has developed over 30 retail centers in the Southwestern United States.
The objective of the fund will be to identify and acquire vacant and/or improved real property for ground up development or re-adaptive use of retail, mixed-use, and lifestyle centers throughout the Southwest Region of the U.S. Due to the hyper-rapid development of housing within the past decade throughout this region, and mass migration of the baby boomer generation to the “Sun Belt” states, retail and other consumer service centers remain underserved and leave a strong demand to be absorbed.
“MidBlock Retail Fund has differentiated itself from other private equity firms in our approach to development. Our market contacts and experience provide fantastic returns to investors while minimizing risk” say Stephen Jonas, Vice President of MidBlock Capital Management. Mr. Jonas states, “With all of the turmoil in the financial markets, our fund will be able to capitalize on opportunities to purchase failed developments and other assets at a large discount to the market.”
For additional information on the news that is the subject of this release (or for more information on MidBlock Capital Management), contact Stephen Jonas or visit www.midblockcapital.com
About MidBlock Capital Management:
MidBlock Capital Management has over 30 years of retail development experience in the Southwestern United States. Management of the MidBlockRetail Fund has developed over 30 retail centers in the last 7 years.
Contact:
Stephen Jonas, Vice President of Development
MidBlock Capital Management
702-755-5223
http://www.midblockcapital.com
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MidBlock Retail Fund is an opportunistic private equity real estate fund seeking to provide investors with a substantial rate of return while minimizing risk. With the internal capacity to facilitate every scope of the development process, and a resourceful and experienced management team, MidBlock Capital Management has cultivated a model that offers a fast and streamline approach to development which minimizes the amount of time that investors’ capital-equity is exposed and maximizes the their rate of return. The management of the fund has over 30 years of experience in all aspects of commercial real estate and has developed over 30 retail centers in the Southwestern United States.
The objective of the fund will be to identify and acquire vacant and/or improved real property for ground up development or re-adaptive use of retail, mixed-use, and lifestyle centers throughout the Southwest Region of the U.S. Due to the hyper-rapid development of housing within the past decade throughout this region, and mass migration of the baby boomer generation to the “Sun Belt” states, retail and other consumer service centers remain underserved and leave a strong demand to be absorbed.
“MidBlock Retail Fund has differentiated itself from other private equity firms in our approach to development. Our market contacts and experience provide fantastic returns to investors while minimizing risk” say Stephen Jonas, Vice President of MidBlock Capital Management. Mr. Jonas states, “With all of the turmoil in the financial markets, our fund will be able to capitalize on opportunities to purchase failed developments and other assets at a large discount to the market.”
For additional information on the news that is the subject of this release (or for more information on MidBlock Capital Management), contact Stephen Jonas or visit www.midblockcapital.com
About MidBlock Capital Management:
MidBlock Capital Management has over 30 years of retail development experience in the Southwestern United States. Management of the MidBlockRetail Fund has developed over 30 retail centers in the last 7 years.
Contact:
Stephen Jonas, Vice President of Development
MidBlock Capital Management
702-755-5223
http://www.midblockcapital.com
###
Contact
MidBlock Retail Fund
Stephen Jonas
702-755-5223
www.midblockcapital.com
Stephen Jonas
702-755-5223
www.midblockcapital.com
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