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’s funds and their partners have acquired or developed $2.4 billion in real estate assets, investing $885 million of equity via 24 separate transactions.
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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 $773 million and was capitalized with $84 million of Fund I equity, $155 million of third-party equity and $494 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.