Caprock Partners Management, Inc.

CapRock Partners Management, Inc. is a California-based S-Corporation established in 2009, owned by Gerald Pharris, Patrick Daniels, and Jonathan Pharris. The firm specializes in providing discretionary investment management services to private investment vehicles, primarily focusing on commercial and value-added real estate investments in the United States, particularly in office and mixed-use properties. CapRock tailors its services to each fund's needs, managing assets totaling approximately $1.4 billion as of December 31, 2022. The firm charges an annual management fee between 1.50% and 2.0% of the investor's total commitment or invested capital. CapRock does not participate in wrap fee programs and may reduce or waive fees at its discretion. The firm's investment strategy involves active management of acquisitions to create value through various strategies. Clients are limited to accredited investors, qualified clients, and qualified purchasers. CapRock emphasizes extensive due diligence, a value-oriented approach, and proactive asset management, focusing on middle-market real estate transactions. The firm discloses various risks associated with real estate investments, including environmental, liquidity, and market risks. CapRock has not faced any material legal or disciplinary events and has implemented a Code of Ethics to ensure fiduciary responsibilities are met. The firm does not receive compensation for securities sales and does not engage in soft dollar arrangements or directed brokerage dealings. CapRock has discretionary investment authority and does not typically vote on client securities. The firm maintains custody of fund assets through qualified custodians and provides audited financial statements to investors annually.