
September 19, 2025
In Today’s Edition
Today’s alert features 30 offerings totaling approximately $1 billion, including offerings from JLL Income Property Trust, MedCraft, and Grocapitus. Sponsors are located in Chicago, IL, Hopkins, MN, and Prosper, TX.
Offering Amounts range from $10,000 to $268 million, with minimum investments up to $1 million. Today’s offerings include 7 funds and 23 single-asset offerings.

GPs in Focus

JLL Income Property Trust is a core real estate‑focused NAV REIT headquartered in Chicago, IL, managed by JLL and advised by LaSalle Investment Management. The trust provides accredited and institutional investors access to a diversified portfolio of income‑producing properties—including industrial, healthcare, grocery‑anchored retail, office, and other strategically selected sectors.
Offering Name: JLLX Diversified 10, DST
Offering Amount: $268,270,270
Investment Minimum: $75,000
Type of Offering: 506(b)

MedCraft Healthcare Real Estate is a Minneapolis-based real estate development firm specializing exclusively in developing, financing, and managing ambulatory care and medical office buildings. With a 40+ year track record, the firm has completed over 125 projects valued at more than $7 billion, working closely with leading health systems and physicians nationwide. The firm employs approximately +/-24 people.
Offering Name: MedCraft Medical Outpatient Building Fund II, L.P.
Offering Amount: $150,000,000
Investment Minimum: $1,000,000
Type of Offering: 506(b)

Grocapitus Investments is a Fremont, California‑based real estate investment firm that specializes in multifamily, student housing, and self‑storage. To date, they’ve raised over $200 million in equity, deployed capital across 21 projects (9 of which have been sold) spanning 11 states and 17 metropolitan areas, and oversee approximately 4,400 units/beds. Their active and completed portfolio carries a combined value of $660.4 million. The firm was founded in 2018 and now employs approximately +/-33 people.
Offering Name: Grocapitus Next Gen Communities Fund I, LLC
Offering Amount: $100,000,000
Investment Minimum: $100,000
Type of Offering: 506(c)
CRE Capital Raises: September 19
GP/Sponsor | Location | Offering Name | Minimum Investment | $ Offering Amount |
|---|---|---|---|---|
TACOMA, WA | Aero Precision, LLC | $1,000,000 | $20,000,000 | |
HOUSTON, TX | Hollister Place, LLC | $25,000 | $30,000,000 | |
BIRMINGHAM, AL | OG East Bay Holdings, LLC | $50000 | $19,622,500 | |
VANCOUVER, WA | Alyster Members LLC | 0 | $25,000,000 | |
PASADENA, CA | GW Livermore, LLC | $150,000 | $9,100,000 | |
TORRANCE, CA | Essential Net Lease Industrial 99 DST | $1,000 | $5,501,030 | |
PLANO, TX | Melissa Development Phase I Property LLC | $75,000 | $5,000,000 | |
CHICAGO, IL | JLLX Glendale Distribution Center, DST | $75,000 | $99,835,796 | |
PROSPER, TX | Grocapitus Next Gen Communities Fund I, LLC | $100,000 | $100,000,000 | |
MERIDIAN, ID | Kendu-Bay Multifamily Fund Limited Partnership | $100,000 | $50,000,000 | |
MOORESVILLE, NC | MV2 Investments Fund LLC | $50,000 | $5,000,000 | |
CORAL GABLES, FL | Shem Bowline LLC | $100,000 | $6,900,000 | |
CHICAGO, IL | JLLX Diversified 10, DST | $75,000 | $268,270,270 | |
SALISBURY, MD | Nevo Capital LLC | $50,000 | $50,000,000 | |
TUCSON, AZ | Holualoa Cabana Kyrene, LLC | $1,500 | $20,800,000 | |
RALEIGH, NC | FPC Arbors Fairview F&F LLC | $100,000 | $1,526,000 | |
WACO, TX | Rivergate Capital Select Fund I, LP | $10,000 | $1,350,000 | |
DALLAS, TX | GG Kings Road B1 Fund, LLC | $15,000 | $14,000,000 | |
HOPKINS, MN | MedCraft Medical Outpatient Building Fund II, L.P. | $1,000,000 | $150,000,000 | |
FORT WORTH, TX | JVEC Alliance Industrial LLC | $100,000 | $4,000,000 | |
FORT WORTH. TX | JVEC Dallas Multifamily LLC | $100,000 | $8,000,000 | |
HOLLAND, MI | TXC Great Lakes Fund, LP | $25,000 | $40,000,000 | |
GIBBSBORO, NJ | North Crossing Equity Partners, LP | $25,000 | $14,300,000 | |
Rockwall, TX | BPV CAPITAL LLC | $20,000 | Indefinite | |
DENVER, CO | OP Barber Greene Road Investor, LLC | 0 | $10,000 | |
DENVER, CO | OP Barber Greene Road, LLC | 0 | $4,175,000 | |
WILMINGTON, DE | Legends Buligo LP | 0 | $27,245,300 | |
MIDLAND, TX | ERP 1031 Industrial Portfolio III DST | $50,000 | $29,650,000 | |
SEATTLE, WA | Capitol Hill 1609 LLC | $100,000 | $3,356,000 |

Final Word
We deliver real-time intelligence on commercial real estate capital raises, five days a week. If you find our insights valuable, then please consider forwarding this email to a friend or colleague.
About Us: Mill Analytics is the first and only Monte Carlo Simulation software built solely for the commercial real estate industry. Mill Analytics enables investors to go far beyond the Base, Upside, and Downside cases and analyze the results of thousands of scenarios for greater insight into the potential outcomes of an investment. Try for free at millanalytics.com.
- The Mill Analytics Team
