Real Capital Solutions Launches Contrarian Office Fund Amid Historic Office Market Dislocation

Real Capital Solutions Launches Contrarian Office Fund Amid Historic Office Market Dislocation

New Fund Targets High-Quality Office Assets Trading at Significant Discounts

Real Capital Solutions ("RCS"), a real estate investment firm with more than four decades of experience investing through market cycles, today announced the launch of the RCS Contrarian Office Fund, a private investment vehicle that will target Class A and B office properties in prime and secondary U.S. markets experiencing financial distress.

Building on the firm's long-standing contrarian investment philosophy, the Fund will target fundamentally strong office assets whose valuations have been reduced by higher interest rates, constrained capital markets, refinancing pressures, and the long-tail economic impacts of COVID-19. The Fund is targeting $350 million in commitments from suitably qualified investors, and with leverage will have the capacity to acquire approximately $850 million of assets. Marcel Arsenault, Founder and CEO of Real Capital Solutions, will serve as the Fund's anchor investor through a $50 million personal commitment, fully aligning the interests of RCS with the Fund’s investors.

“At RCS, we've spent more than four decades investing outside the consensus and finding highly attractive opportunities that other investors overlooked,” said Arsenault. “The RCS Contrarian Office Fund reflects that same philosophy, giving investors access to what we believe is another generational opportunity to acquire institutional-quality office assets at valuations that can create compelling long-term value. While the office market continues to reset, we believe the long-term outlook for premier office assets is extremely strong. Companies still need high-quality workplaces to attract talent, foster innovation and drive growth, and those assets will continue to outperform over time.”

The Fund builds on RCS's long-standing track record of investing across real estate sectors and market cycles. Since 2008, the firm has generated a 24.0% realized gross IRR across 177 realized investments. RCS has invested more than $5 billion in real estate across more than 400 acquisitions since its founding.

Between 2024 and 2026, RCS has invested approximately $644 million of its own capital across 14 office properties in 10 U.S. markets, acquiring the portfolio at an average price of $116 per square foot—roughly 18% of replacement cost—and more than 50% below peak values.

“We believe the current market presents one of the most compelling office investment opportunities in decades, as forced selling, limited financing availability and historically wide bid-ask spreads continue to create attractive entry points for disciplined investors,” said Adam Abeln, Chief Investment Officer and Managing Director at Real Capital Solutions.

“The RCS Contrarian Office Fund gives qualified investors, particularly high-net-worth or family office investors seeking non-correlated alternative investments, access to acquire high-quality office assets at historically attractive valuations. The Fund is well positioned to identify, acquire and actively manage assets through the next phase of the office market cycle.”

About Real Capital Solutions
Real Capital Solutions is a highly entrepreneurial real estate company that invests smart capital and provides practical solutions for real estate opportunities. For over 40 years, RCS has achieved great success investing in entrepreneurial real estate ventures. During that time, the company has purchased and managed more than 400 real estate assets, totaling approximately $5.1 billion in acquisition value. RCS currently owns 80 properties with over $2.7 billion of assets under management.

RCS seeks opportunities with value-add and/or opportunistic components and is willing to invest in most markets for these opportunities. The RCS team relies heavily on its deep analytic approach, its highly experienced real estate team and its extensive investment track record, which is among the best in the industry.

For Investors:
Adam Abeln, Chief Investment Officer and Managing Director
aabeln@realcapitalsolutions.com
305-433-0655

For Media:
Prosek Partners
Pro-RCS@prosek.com

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