The first Velocis fund targeted core-plus office, medical office and retail properties in the $10 million to $50 million range, and included the three-story, 22,050 square foot Sunset II MOB in Raleigh, N.C. Velocis hopes to target larger assets with Fund II.
(Photo courtesy of LoopNet.com)
Private equity firm hopes to target larger medical and retail assets and portfolios
By Dan Larson
In March of 2013, Velocis Fund LP completed its final closing on its first fund, aptly titled Velocis Fund I. Since that time, the Dallas-based private equity real estate fund has been working hard on Velocis Fund II, which promises to be even bigger than its predecessor.
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