Funds

The John Buck Company raised its first institutional investment fund in 2000 and held the final close on its fifth discretionary fund in 1Q 2016. JBC has invested approximately $589 million of private and institutional capital through the predecessor funds in 36 transactions, representing more than $4.5 billion of real estate at cost.

JBC Fund V

JBC is currently deploying capital from its fifth real estate investment fund for value-added and opportunistic real estate investments.  JBC Fund V’s (Fund V) primary objective is to acquire or develop, through a series of joint-venture transactions with institutional equity partners, a portfolio of real estate investments with attractive risk-adjusted returns that exceed traditional real estate investment vehicles.  Fund V will realize returns from asset-level performance and through performance incentive compensation earned from third-party equity partners (the “promote”).  Fund V held its final closing with $84.2 million of total equity commitments in early 2016.

Projects

JBC Fund IV

JBC Fund IV (Fund IV) held its final capital closing in 2012 with equity commitments totaling $90.1 million.  The fund made four office and two multi-family investments.  The portfolio’s project total capitalization is $818 million, utilized $69 million of Fund IV equity, $269 million of third-party capital and $479 million of debt. The portfolio featured an office building in Washington, D.C., a high-rise residential development in Philadelphia, and an office building in suburban Chicago. The portfolio also includes three unrealized assets including a high-rise residential development in downtown Chicago.

Projects

The JBC Opportunity Fund III

The JBC Opportunity Fund III (Fund III) is a $289.1 million fund that opened in 2006 and made eight investments.  The portfolio’s total cost was $1 billion and was capitalized with $240 million of Fund III equity, $159 million third-party equity and $618 million of debt.  The portfolio featured an office development in Chicago’s CBD, a suburban Chicago office tower and office campus, two senior mezzanine notes secured by CBD office towers in Chicago, Los Angeles, Boston and Washington, D.C., two office buildings in Washington, D.C.’s CBD and one apartment complex in Philadelphia. All investments have been realized as of 2017.

Projects

JBC Opportunity Fund II

JBC Opportunity Fund II (Fund II) was a $160 million equity fund that opened in 2003 and made seven investments through March 2006.  The portfolio’s total cost was $1.2 billion and was capitalized with $160 million of Fund II equity, $260 million of third-party equity and $810 million in debt.  The portfolio included two Chicago CBD developments, a Chicago office tower redevelopment, an office building in Washington DC’s CBD, a suburban Chicago office building and an office tower in Minneapolis, MN.

Projects

The JBC Acquisition & Development Fund I

The JBC Acquisition & Development Fund I, L.P. (Fund I) was an $89 million equity fund that opened in 2000 and made seven investments through June 2003.  The portfolio’s total cost was $784 million and was capitalized with $84 million of Fund I equity, $153 million of third-party equity and $547 million of debt.  The portfolio included three Chicago CBD office towers, a Chicago suburban office building, a high-rise residential development in New York City’s Upper East Side, an office development in Chicago’s CBD and two separate air rights leases that encompassed office towers alongside the Chicago River.

 

 

Projects