VISTA, Calif., June 28, 2011 /PRNewswire/ — JCR Capital (JCR), a Denver-based commercial real estate finance fund manager, announced that it has provided CapRock Partners with $1.83 million for the acquisition of a non-performing note secured by a 25,189-square-foot industrial building in Vista, CA.

This acquisition is part of a “quick close” $12.5-million credit facility JCR provided CapRock to acquire non-performing notes and distressed industrial properties throughout California.

JCR’s funding of the CapRock acquisition facility is through its JCR Capital Commercial Real Estate Finance Fund I, which provides debt, participating debt, preferred equity and equity to distressed and opportunistic real estate transactions.

“We are pleased to assist CapRock take advantage of this acquisition on a very, very timely basis,” said Jay Rollins, JCR Managing Principal. “Through the acquisition facility, CapRock can focus on identifying additional assets and quickly close on new opportunities.”

Initiated in 2010, JCR’s Fund I is now over 75 percent committed and already has had one realization to date, which generated a gross IRR of 83 percent. In addition, JCR recently commenced a new fund, JCR Commercial Real Estate Finance Fund II, which has a target capitalization of $100 million. Over $12 million has already been committed by JCR shareholders.

The JCR funds are managed by Mr. Rollins and Maren Steinberg, a JCR Managing Principal. Since 1992, throughout a variety of real estate cycles, this team has successfully invested approximately $1.8 billion in over 260 middle market commercial real estate transactions across three platforms.

Mr. Rollins and Ms. Steinberg’s over 40 years collective experience in underwriting and asset management have helped them avoid many of the pitfalls leading up to the real estate crash.

About CapRock Partners

CapRock Partners’ mission is to capitalize on a generational opportunity to invest in institutional quality Southern California industrial real estate. CapRock’s core platform focuses on strategic acquisitions and pro-active asset management of institutional quality multi-tenant buildings, multi-tenant parks, and high credit single tenant buildings throughout California valued between $5 Million – $15 Million. CapRock Partners is well positioned to capitalize on the current market disequilibrium by utilizing a combination of extensive proprietary historical data, strategic relationships and over sixty years of commercial real estate experience to ensure premium risk adjusted returns for its investors.

For more information, please contact:
Jay Rollins
Managing Principal
JCR Capital Investment Corporation
1225 17th Street, Suite 1850
Denver, CO 80202
(P) 303.531.0202
jayrollins@jcrcapital.com
www.jcrcapital.com

The foregoing does not constitute an offer to sell or a solicitation of an offer to buy JCR Commercial Real Estate Finance Fund II, L.P. limited partnership interests, nor will there be any sale of limited partnership interests in any jurisdiction in which any such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

SOURCE JCR Capital