HOUSTON, TEXAS — Nov. 2, 2023 — RockStep Capital, a national retail investment firm, announces the opening of RockStep Fund I. RockStep Fund I is a diversified closed-end fund utilizing data collected through 26 years of building, acquiring and operating retail to create asymmetric return profiles for all fund assets.
Having never returned an asset to a lender or required a capital call since the company’s inception, RockStep Capital is positioned to capitalize on opportunities created through the repricing of assets due to higher interest rates through RockStep Fund I. Andy Weiner, RockStep Capital’s founder and president, looks forward to utilizing the dynamics of the current commercial real estate market.
“We’re taking advantage of capital market and capitalization volatility to create outsized returns while taking little risk,” Weiner said. “Right now, retail’s attraction lies in improving fundamentals, neglected assets and distressed sellers: an ideal combination.”
With an experienced management team and a strong balance between CRE fundamental analysis and capital markets experience when underwriting opportunities, RockStep Fund I is poised to target malls, grocery-anchored shopping centers and power centers.
To learn more about RockStep Fund I and speak with a RockStep representative, click here.