LEXINGTON, Ky. (Nov. 15, 2013) — BC Wood Properties today announced the close of its first private equity real estate fund raising over $43 million. The original target for the equity raise was $30 million. The fund’s investors are a mix of local business people, family offices and national institutions that were looking to place capital with a seasoned and successful real estate operator.
“As excited as we are with the results of our fundraising efforts, we are even more thrilled with the assets we have acquired to date,” said Brian Wood, founder and CEO of BC Wood Properties. “Additionally, we are seeing many new opportunities heading into 2014, and believe we are poised to take advantage of those opportunities.”
Founded in 1994, BC Wood Properties owns and operates over 5 million square feet of retail real estate, and has consistently ranked in the “Top 75” of all U.S. shopping center owners based on portfolio size by Retail Traffic.