Travel Through Our Timeline
Founded nearly a quarter-century ago to serve what were then the newest players in the property market – pension funds – MacFarlane Partners has built, bought, renovated, managed and sold real estate assets of every major land use for more than 40 institutional clients.
Working to capitalize on strengthening markets and persevere through downturns, here’s how we have grown from a small, separate-account investment manager focusing on core real estate assets into one of the nation’s leading urban/smart-growth specialists.
Major Firm Milestones
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MacFarlane's Beginning
May 1987Victor MacFarlane forms his own firm to invest in real estate on behalf of pension funds and other institutions.
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An Industry First
March 1996MacFarlane forms the first institutional real estate venture dedicated to urban property markets with CalPERS and Magic Johnson.
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Investing in Smart Growth
March 2001Urban venture’s mandate is broadened to allow a wide range of investments that facilitate smart growth.
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Time Warner Center Investment
January 2003First urban investment outside of California – the retail and garage components of the Time Warner Center in NYC.
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Initial Closing of Urban Fund II
November 2006Initial closing is held of Urban Fund II, which eventually will total $1 billion in equity from 14 institutions.
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D.C. Portfolio Investment
August 2007MacFarlane makes its largest urban investment to date, acquiring a portfolio of properties and development projects in Washington, D.C.
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Emerging Managers Fund Formed
April 2008MacFarlane forms a fund with CalSTRS to invest in and alongside “emerging” real estate operating and development companies.
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Urban Fund III Closes
December 2009MacFarlane Partners closes Urban Fund III, having raised $211 million in equity from three non-domestic institutions.
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Initial Urban Fund III Investments
May 2011MacFarlane makes its first investments for Urban Fund III, acquiring two development sites in the SF Bay Area.
