VELOCIS CLOSES FUND I AFTER RAISING $135M

DALLAS — Dallas-based Velocis Fund LP, a real estate investment fund, has closed Fund I, which raised more than $135 million. The total assets under management exceed $222 million. The current equity commitments give Fund I more than $330 million of purchasing power. Fund I is currently 40 percent invested and is sourcing new assets for purchase. Its targets include U.S. real estate assets in demand driven or supply constrained markets in the $10 million to $50 million range. Fund I's investors include high-net-worth individuals and large family offices in the U.S., Mexico and Europe. Velocis owns seven assets in Texas and one in Colorado, including two Houston office buildings, a medical office in Austin, two shopping centers in Austin, a medical office in Fort Worth, a shopping center in Fort Worth and an office building in Denver.