Trinity Capital Value Fund IV raises $49.5 million in 90 days

February 15, 2021

Trinity Capital Advisors has completed its second and final closing for its fourth real estate investment fund, Trinity Capital Value Fund IV. Trinity Capital oversubscribed this $35mm fund, raising $49.5 million in approximately 90 days.

Trinity Capital’s fourth fund will co-invest with the firm’s institutional investment partners in the acquisition and development of office, industrial, and mixed-use properties throughout the Southeast. To date, Trinity Capital has acquired or developed more than 23 million square feet totaling $3.4 billion in North Carolina, South Carolina, Georgia, Florida, Tennessee, and Missouri, with more than $1.2 billion of equity capital invested.

Trinity Capital’s Value Fund IV has just purchased 78 acres of land in North Charleston’s Palmetto Commerce Park. Trinity Capital plans to develop 850,000 square feet of Class-A industrial space. In addition, Trinity Capital has acquired 48 acres of land in Durham’s Research Triangle Park with plans to develop Alexander Commerce Park, totaling 441,000 square feet of industrial space across three buildings. Alexander Commerce will be RTP’s first speculative industrial development in several years.

The fund has also purchased a 400,000 square foot office building in Alpharetta, Georgia, where an undisclosed firm signed 200,000 square feet, 15-year lease, executed simultaneous with closing. Finally, the fund has also acquired Raleigh’s Southport Business Park, a 900,000 square foot asset in the heart of the airport submarket.

“We want to thank all of our existing investors who have been investing with us since 2005, as well as the new investors who have placed confidence in Trinity Capital,” said Gary Chesson, co-founding partner. “We’ve been surprised at the resilience of our economy, despite the hardships faced in 2020, “With all of the change we’ve experienced, we anticipate encountering an attractive investment climate moving forward.”

Trinity Capital has been among the most active real estate investors in the Southeast in recent years. In 2020 alone, the firm acquired $321 million of land, office, and industrial assets, and sold $652 million of its office portfolio to institutional buyers. The firm also signed 1,090,000 square feet of new leases in its 10 million square foot portfolio.

“Clearly we’re very bullish on the Southeast” said Walker Collier, Partner at Trinity Capital. “The markets in which we love to invest, including Charlotte, Raleigh, Nashville, Atlanta, and Charleston, among others, offer an outstanding quality of life and continue to experience strong job creation and net population growth.”