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.
222 South Riverside
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.