JCR Capital Provides CapRock Partners with $12.5 Million Credit Facility to Acquire Non-Performing Notes & Distressed Industrial Properties in California

DENVER, May 11, 2011 /PRNewswire/ -- JCR Capital (JCR), a Denver-based commercial real estate finance fund manager, announced that it has provided CapRock Partners with a $12.5 million credit facility to acquire non-performing notes and distressed industrial properties throughout California.  JCR's funding is part of its JCR Capital Commercial Real Estate Finance Fund I, L.P., which provides debt, participating debt, preferred equity and equity to distressed and opportunistic real estate transactions.

This equity facility will enable CapRock Partners to expand a key strategic component of its investment activities to acquire non-performing notes secured by industrial properties throughout California as well as more traditional value-add properties that need to be re-positioned in the marketplace.

"CapRock needed readily accessible capital in order to take advantage of 'quick close' opportunities," said Jay Rollins, JCR Managing Principal.  "With this acquisition facility in place, CapRock can focus on identifying assets and use the funds to close new opportunities in as few as ten days."

Initiated in 2010, JCR's Fund I is now over 70 percent invested and already has had one realization to date, which generated a gross IRR of 83 percent.  In addition, JCR recently commenced a new fund, Fund II, which has a target capitalization of $100 million, with over $11 million already being invested by JCR shareholders.

The JCR funds are managed by Mr. Rollins and Maren Steinberg, a JCR Managing Principal.  Since 1992, throughout a variety of real estate cycles, this team has successfully invested approximately $1.8 billion in over 260 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.

About CapRock Partners

CapRock Partners' mission is to capitalize on a generational opportunity to invest in institutional quality Southern California industrial real estate.  CapRock's core platform focuses on strategic acquisitions and pro-active asset management of institutional quality multi-tenant buildings, multi-tenant parks, and high credit single tenant buildings throughout California valued between $5 Million - $15 Million.  CapRock Partners is well positioned to capitalize on the current market disequilibrium by utilizing a combination of extensive proprietary historical data, strategic relationships and over sixty years of commercial real estate experience to ensure premium risk adjusted returns for its investors.

For more information, please contact:  
Jay Rollins, Managing Principal
JCR Capital Investment Corporation
1225 17^th Street, Suite 1850
Denver, CO 80202
(P) 303.531.0202
[email protected]  -  www.jcrcapital.com

SOURCE JCR Capital