Fund Four

Capitalization and Investments

Shorenstein Realty Investors Four, L.P. (“Fund Four”) was formed in 1997 with $100 million of committed capital, including $12.5 million committed by Shorenstein; it was invested over an 18-month period.

Fund Four made equity investments in the following properties:

  • 50 Fremont Center, a 765,450 square foot office building located in the South Financial District of San Francisco, California.  Fund Four acquired a one-sixth interest in this property by direct negotiation with an institutional investor exiting an existing partnership of which Shorenstein was already a partner.
  • 123 Mission Street, a 329,662 square foot office building located in the South Financial District of San Francisco, California.  Fund Four acquired a one-sixth interest in this property by direct negotiation with an institutional investor exiting an existing partnership of which Shorenstein was already a partner.
  • The office, retail, observatory and broadcasting components totaling 1.1 million square feet of JOHN HANCOCK CENTER, a mixed-use complex located in the North Michigan Avenue submarket of Chicago, Illinois.


Realizations

  • 50 Fremont Center was sold in July 2000.
  • 123 Mission Street was sold in January 2005.
  • JOHN HANCOCK CENTER was sold in January 2007.