McMorgan Northern California Value-Add Development Fund: An Introduction

Fund Overview

Northern California Value-Add Development Fund

Northern California Value-Add Development Fund

The McMorgan Northern California Value-Add Development Fund1 formally began its investment program in February of 2013, and continues to add and improve commercial properties for its Northern California portfolio—while simultaneously working to create new jobs for local building trades.

Since the time of the Fund’s initial closing, we have concluded nine different investments, ultimately encompassing 1.64 million square feet and underwritten to incorporate over $300 million in capital (equity and debt).

The nine investments have all been within the 46-county region of Northern California, and collectively represent a mixture of both ground-up and value-add development strategies.  Though we have reviewed and considered multiple retail and multi-family investments, the portfolio is comprised exclusively of office and industrial assets.

The Fund’s Investment Period expired in October 2017.

1 Fund is closed to new investors.

[click here to read more]