RCP Capital

RCP Capital is a joint venture between RCP and Citigroup Property Investors (CPI). The venture, funded primarily by CPI, plans to invest approximately $100 million of equity over the next few years, allowing for over $400 million in leveraged investments. The company's focus is on value-added real estate projects in the Washington, DC metropolitan area.

RCP Capital links the local knowledge and experience of an entrepreneurial development company with the financial capabilities of the world's premier financial organization. The powerful combination adds to RCP's continued success in the dynamic Washington, DC metropolitan area market.

The venture targets acquisition and development projects with capitalizations ranging from $35 million to $100 million.

CPI is the real estate investment management business of Citigroup, the leading global financial services company. A unit of Citigroup Alternative Investments, CPI provides investment opportunities in the public and private real estate markets to qualifying institutional and individual investors. With more than 75 professionals, CPI manages $7 billion in real estate capital commitments through its New York, London and Hong Kong offices.