SCIF
The Magellan Group (with the Bascom Group), established the Southern California Industrial Fund (“SCIF”) in 1996 to acquire and reposition “value added” industrial properties, and target development of new properties in identified sub-markets in Southern California. Since the inception of its first fund, Magellan has raised more than $400 million in financing and has purchased over 3.5 million square feet of property.
To date Magellan has sold $49.5 million of assets from the SCIF portfolio, resulting in an average gross profit on equity of 159% and an annual internal rate of return (IRR) of 36.7%.
The performance data featured represents past performance, which is no guarantee of future results.