Rubenstein Properties Fund I
Rubenstein Properties Fund I, L.P. (“Fund I”), the first real estate investment fund managed by Rubenstein Partners, was established in late 2005.
Fund I seeks to invest in office real estate assets, operating or ownership entities whose primary assets are office real estate and real estate that has office as a component, as well as to acquire and originate office-related debt and preferred equity. Fund I pursues value-add opportunities to acquire, reposition, develop, redevelop, manage, operate and/or dispose of office properties in the Eastern United States, with its primary focus on Boston; New York; Central/Northern New Jersey; Philadelphia; Wilmington; Baltimore; Suburban Maryland; Washington, D.C.; Northern Virginia; North Carolina; Atlanta and Florida. Fund I concentrates on assets located in Central Business Districts and their proximate suburban markets. Furthermore, Fund I’s preferred investment approach is to partner with “best of class” local operators in the various sub-markets within its geographic footprint.
Fund I raised $475 million in commitments from a diverse group of leading institutional investors, including educational endowments and a select group of corporate pension funds and high net worth individuals throughout the United States. Due, in part, to the experience of Rubenstein Partners’ principals, particular focus is expected on larger, more complicated transactions, specifically those involving development, major redevelopment or complex recapitalization as part of its value-added strategy.