JCR Capital Fund Realizes Another Investment

DENVER, Jan. 23, 2012 /PRNewswire/ -- JCR Capital (JCR), a Denver-based commercial real estate fund manager, announced that it has realized another investment in its first fund. The $1.9 million investment was in a loan originated by JCR in February 2011.  JCR was repaid in only nine months, generating a 15 percent IRR.                

JCR's funding of the loan is through its JCR Capital Commercial Real Estate Finance Fund I, which provides debt, participating debt, preferred equity and equity to distressed and opportunistic real estate transactions.                                                  

"We have had a long term relationship with the Sponsor in this transaction and we are pleased to have been able to provide the company with strategic working capital, backed by a diversified real estate collateral package," said Jay Rollins, JCR Managing Principal. 

Initiated in 2010, JCR's Fund I is fully invested and already has had four full realizations and six partial realizations to date, which have generated a gross IRR of 49 percent.  In addition, JCR recently launched a follow-up fund, JCR Commercial Real Estate Finance Fund II, which has received initial commitments of over $48 million.                                            

The JCR funds are managed by Mr. Rollins and Maren Steinberg, who is also a JCR Managing Principal.  Since 1992, throughout a variety of real estate cycles, this team has successfully invested approximately $1.8 billion in over 276 middle market commercial real estate transactions across three platforms.                                                                 

Mr. Rollins and Ms. Steinberg's over 40 years collective experience in underwriting and asset management have helped them avoid many of the pitfalls leading up to the real estate crash.

For more information, please contact:

Jay Rollins
Managing Principal
JCR Capital Investment Corporation
1225 17th Street, Suite 1850
Denver, CO 80202
(P) 303.531.0202
[email protected]
www.jcrcapital.com

The foregoing does not constitute an offer to sell or a solicitation of an offer to buy JCR Commercial Real Estate Finance Fund II, L.P. limited partnership interests, nor will there be any sale of limited partnership interests in any jurisdiction in which any such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

SOURCE JCR Capital