The John Buck Company raised its first institutional investment fund in 2000 and held the first close on its sixth discretionary fund in 4Q 2017. 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 VI
JBC Fund VI held its first capital closing in December 2017 with equity commitments totaling $71.5 million. JBC Fund VI (“Fund VI”) will invest at the general partner in a series of joint venture real estate transactions with third party institutional capital partners. Fund VI will focus on urban office, multifamily residential and mixed-use value add / opportunistic acquisition and development investments across major U.S. markets. Fund VI is targeting $150 million in total commitments with a final close anticipated in 2018.
222 South Riverside | Chicago
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.