Venture Capital Access Online | The eMarketplace for the Venture Capital Industry

 

Bookmark and Share   

Home

Marketplace
Database
Deals
News
Store
Resources
Contact Us

 

 

 

News

 

Venture Capital Database 2014 Now Available

3SC Capital Partners Closes Debut Multifamily Property Investment Fund

LOS ANGELES, April 8, 2014-- 3SC Capital Partners, LLC, an investment firm specializing in value-added multifamily real estate in Southern California, has closed its debut investment vehicle with $1.25 million in equity commitments.

The investment vehicle, with $3.5 million in buying power, is structured as a discretionary single-asset fund. The capital raised for 3SC Capital Partners Fund I exceeded its $1 million target, according to 3SC Co-Founder and Co-Managing Partner Jon Snow. "We are thrilled to partner with our investors in seeking out targeted opportunities initially in the Greater Los Angeles apartment market," said Snow. "The sub-institutional multifamily market in Southern California continues to see strong fundamentals and with the right strategy and execution we believe we can deliver attractive returns to our partners in this and follow-on funds."

"We continue to see investment opportunities with a large spread between going-in cap rates and borrowing rates," said Will Vogt, Co-Founder and Co-Managing Partner of 3SC. "With the right execution, these factors along with the longer-term income growth potential from renovations and operational improvements can produce attractive returns."

Fund I will acquire a property priced between $2 and $3 million, with a primary focus on Class B and C properties that are often outside the investment parameters of larger institutional investors. 3SC will apply institutional-quality value-add strategies to its multifamily properties, ranging from improvements to heavily distressed properties as well as apartment complexes in need of purely cosmetic rehabilitations.

About 3SC Capital Partners

3SC, based in Los Angeles, is a commercial real estate investment firm specializing in value-added and opportunistic multifamily investments. The firm was founded in 2013 by commercial real estate professionals Jon Snow and Will Vogt. Snow brings over a decade of experience in multifamily acquisition, asset management and property management to 3SC. Vogt brings 10+ years of experience in commercial real estate project management and construction management to the firm. For more information visit www.3SCCP.com or contact Jon Snow at Jon@3SCCP.com and Will Vogt at Will@3SCCP.com.


News Index

Venture Capital Database

Venture Capital Deals Spreadsheet

 

 NEWS

Latest VC News
VC News Archive
News Search
Venture Capital Deals
RSS News Feed

List Your Firm

Entrepreneurs
Investors
Advisors

Venture Capital Database

VCPro Database
Download Trial
Buy Now

Venture Capital Deals

vcaDeals
Download Sample
Buy Now

VC Tools

VC Pitch
Private Placement Memorandum

Business Plan Tools

Free Business Plan Template
Business Plan Tools

 

 

Copyright 1998-2014 Access InterComm  All rights reserved. 
Site Map | Privacy Statement | Legal Notice & Disclaimer