LOS ANGELES — RPD Catalyst, LLC, a privately owned firm that invests in real estate assets throughout the country has closed Catalyst Fund 1 LLC with $65 million. Catalyst Fund 1 will leverage this equity and plans to acquire $250 million in value-add, opportunistic and niche-market investments in office, retail, industrial and mixed-use properties, actively targeting Milwaukee for acquisitions.
“Through Catalyst Fund 1, we will have the flexibility to pursue opportunities for both cash-flow and mid-term returns for our investors, and the Milwaukee economy makes the area attractive to us,” said Scott C. Dew, the President and Chief Executive Officer of RPD Catalyst and Catalyst Fund 1.
Since its founding in 1999, RPD has acquired office, retail and industrial properties in 16 major markets across the U.S. It’s current portfolio includes 2,400,000 square feet in sixteen properties with an estimated value of more than $220,000,000.
