Loci Capital Exceeds Target for First Close

Loci Fund II GP, LLC, an affiliate of Loci Capital Group, LLC (“Loci”), a leading private real estate fund manager, announced the first close of Loci Capital Opportunistic Fund II, LP (“Fund II”), which was completed on July 21^st, 2023. The first close includes over $53 million in subscriptions, more than double Loci’s first close target of $25 million, and greater than the total size of the predecessor fund. Fund II includes Loci’s first institutional investor, as well as high net worth individuals, single and multi-family offices, RIAs, and wealth management firms.

“We are extremely grateful for the continued support of our existing investors as well as the new relationships we have built leading up to the first close for Fund II,” commented Michael Phillips, CEO and co-founder of Loci Capital. “We believe the investor demand is a testament to both our ability to outperform throughout market cycles, as well as the transparency and access which we provide our investors.”

Loci Capital was founded in 2019 by Michael Phillips and Patton Chillura, who had previously been leading investments for Lubert-Adler’s Tampa based office. At inception, the founders built out a senior leadership team which has invested and/or managed over $3.6BN of equity in 245+ underlying real estate assets over the last 22 years.

Each member of the senior leadership team has established domain expertise, as well as hands on experience as operators and developers, allowing Loci to drive business plan performance and manufacture off-market GP investment opportunities for its investors. As a result, Loci’s funds have a unique hybrid-GP fund structure, allowing fund investors the ability to share in the fees earned by Loci from third party joint venture partners while maintaining diversification lacking in traditional GP funds.

“The support our investor base has shown us in a difficult capital markets environment is a direct result of the team’s historical outperformance as well as the robust pipeline of opportunities we have access to,” said Casey Wilson, Managing Principal and Head of Investor Relations at Loci Capital. “With the first close completed, we now have 18 months, or through Q1 2025 to raise the additional $200 million to hit our target raise. We believe that our track record, demonstrated access to off-market opportunities, and unique fund structure will be highly coveted by those with the discretion to make commitments to new relationships during our fundraise period.”

Loci pursues a diversified strategy consistent with the track record of its senior leadership team focused on making investments in the Southeastern U.S. The firm invests across asset classes and throughout the capital stack, targeting opportunistic returns consistent with those demonstrated by the firm’s 13-year attributable track record.

About Loci Capital

Loci Capital is a leading middle market private real estate investment firm based in Florida and focused on investments throughout the Southeastern United States. Loci’s senior leadership is experienced in the development, redevelopment, repositioning, and conversion of assets across all real estate sectors. Since its inception in 2019, the firm has invested more than $250 million of equity in over $1.1 billion worth of real estate on behalf of its investors throughout its target markets, including in the multifamily, hospitality, office, vacation rental, student housing, and medical office sectors. For additional information, visit locicapital.com.

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“We believe the investor demand is a testament to both our ability to outperform throughout market cycles, as well as the transparency and access which we provide our investors.” - Michael Phillips, Loci Capital CEO