Travel Through Our Timeline
Founded more than 30 years 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 over 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
MacFarlane's BeginningMarch 1987
Victor MacFarlane forms his own firm to invest in real estate on behalf of pension funds and other institutions.
An Industry FirstMarch 1996
MacFarlane forms the first institutional real estate venture dedicated to urban properties with CalPERS, Magic Johnson and Ken Lombard.
Investing in Smart GrowthMarch 2001
Urban venture’s mandate is broadened to allow a wide range of investments that facilitate smart growth.
Time Warner Center InvestmentJanuary 2003
First urban investment outside of California – the retail and garage components of the Time Warner Center in NYC.
Initial Closing of Urban Fund IINovember 2006
Initial closing is held of Urban Fund II, which eventually will total $1 billion in equity from 14 institutions.
D.C. Portfolio InvestmentAugust 2007
MacFarlane makes its largest urban investment to date, acquiring a portfolio of properties and development projects in Washington, D.C.
Emerging Managers Fund FormedApril 2008
MacFarlane forms a fund with CalSTRS to invest in and alongside “emerging” real estate operating and development companies.
Urban Fund III ClosesDecember 2009
MacFarlane closes Urban Fund III, having raised $211 million in equity from three non-domestic institutions.
Initial Urban Fund III InvestmentsMay 2011
MacFarlane makes its first investments for Urban Fund III, acquiring two development sites in the SF Bay Area.
First Seattle InvestmentDecember 2011
MacFarlane makes its first investment in Seattle, acquiring a site in the city’s South Lake Union neighborhood on which it will develop apartments.
First Urban Fund III Development CompletedNovember 2013
Residents begin moving in to Venn on Market in SF — the first Urban Fund III development project to be completed.
Park Fifth Projects Break Ground in DTLAAugust 2016
MacFarlane breaks ground on the Trademark mid-rise and, in March 2017, the adjacent Park Fifth tower.
Emerging Manager "Graduation"October 2017
Jair Lynch Real Estate Partners “graduates” from EM Fund I and receives $200 million in equity from CalSTRS.