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title: offerings/vf3
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# VALUE FUND III

[ VIEW CURRENT OFFERINGS ](https://www.smartcapgroup.com/offerings?hsLang=en)

## INVESTMENT RECAP

SMARTCAP CRE Value Fund III (VFIII) is a discretionary fund focused on industrial acquisitions and developments in the Pacific Northwest. VFIII utilizes a Joint Venture (JV) profit sharing strategy. For projects that use a JV Partner, SMARTCAP will share 50% of the profit received from the JV partner with VFIII investors. Each asset in the fund has a 5-year target timeline from acquisition or construction completion, with the flexibility to extend up to two additional years.

# VALUE FUND III PROPERTIES

![Forge](https://www.smartcapgroup.com/hubfs/Forge.png "Forge")

### forge logistics center

### ABOUT INVESTMENT

The FedEx Ground Distribution Center, built in 2008, is a build-to-suit Class A industrial building in the affordable west coast alternative market of Salem, OR, just five minutes from the I-5 ramp. FedEx is a long-term tenant who uses this key location as a regional distribution center.

### SUBMARKET

South Portland

### PROPERTY TYPE

Class A Industrial

### TOTAL SQUARE FOOTAGE

88,642 sq. ft.

### YEAR BUILT

2008

![BV](https://www.smartcapgroup.com/hs-fs/hubfs/BV.png?width=457&height=302&name=BV.png "BV")

### baker view industrial park

### ABOUT INVESTMENT

A SMARTCAP development, targeting local distribution and manufacturing users. 36' interior clear heights with best-in-class truck court and loading options.  Delivered to the market in Q4 2024.

### SUBMARKET

South Everett

### PROPERTY TYPE

Class A Distribution

### TOTAL SQUARE FOOTAGE

166,490 sq. ft.

### YEAR BUILT

2024

![Harborgate](https://www.smartcapgroup.com/hubfs/Harborgate.png "Harborgate")

### harborgate industrial building

### ABOUT INVESTMENT

SMARTCAP successfully assumed an existing loan, ensuring below-market pricing for this asset. This heavy industrial building features a laydown yard and offers immediate access to the Port of Portland's Terminal 6, with close proximity to Interstate 5.

### SUBMARKET

Portland Rivergate

### PROPERTY TYPE

Class B Industrial

### TOTAL SQUARE FOOTAGE

70,970 sq. ft.

### YEAR BUILT

1997

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