DENVER--(BUSINESS WIRE)--May 1, 2026--
Seneca Capital Partners (“Seneca”), a Denver-based private equity firm, is pleased to announce the successful disposition of all portfolio real estate assets held by Seneca Capital Income Real Estate Fund II, L.P. (“SCIRE Fund II” or the “Fund”), representing approximately $120,000,000 in aggregate transaction value.
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SCIRE Fund II was strategically assembled to acquire and operate a diversified portfolio of income-producing real estate assets, with a focus on durable cash flow and long-term value creation. Through disciplined acquisitions, active asset management, and operational enhancements, the Fund exceeded its investment objectives and delivered top quartile performance for its investors.
“The completion of this portfolio exit represents a meaningful milestone for our firm and our investors,” said Rhett Trees, Founder and CEO. “Over the life of SCIRE Fund II, we remained keenly focused on executing our business plan with precision and consistency. We are proud of the results achieved and remain grateful for the trust and partnership of our investors, service providers, friends and supporters.”
The disposition of the Fund’s underlying portfolio reflects continued institutional demand for high-quality, stabilized real estate portfolios and underscores Seneca’s ability to identify, enhance, and exit investments at scale. The firm extends its appreciation to its operating partners, advisors, lenders, and transaction teams whose collaboration was instrumental in bringing the portfolio sale to a successful close.
Upon the closing of the portfolio sale and exit of SCIRE Fund II’s remaining holdings, the Fund will commence its wind-up and termination process in accordance with its governing documents.
Seneca Capital Partners remains focused on deploying capital through its current investment vehicles and pursuing new opportunities across its target sectors. Seneca aims to own and operate clean, safe and affordable housing communities with a spotlight on workforce or attainable housing for residents who do not fit into the traditional path to home ownership.
ABOUT SENECA CAPITAL PARTNERS:
Seneca Capital Partners is a private equity firm specializing in the acquisition and management of diversified portfolios of low-risk, high-cash-flow real estate assets. The firm’s investment strategy is designed to deliver capital preservation, consistent quarterly income, and long-term equity growth. To achieve these objectives, Seneca identifies and acquires undervalued, mismanaged, underperforming, or improperly capitalized income-producing real estate assets, then repositions them to unlock their full potential. Since its founding, the firm has provided exclusive access to differentiated, income-producing investment vehicles through long-term relationships cultivated by the company principals, Rhett Trees and Paul Luber. https://senecacp.com
Seneca is proudly headquartered in Denver’s University Hills neighborhood.
Past performance is not indicative of future results, and all investments are subject to loss.
DISCLAIMER:
Seneca Capital Management LLC is registered as an investment adviser with the U.S. Securities and Exchange Commission. Nothing herein shall be construed as an offer to render, or an attempt to render, personalized investment advice for compensation to any person in any jurisdiction where doing so would be unlawful. Seneca Capital Management LLC will not provide individualized responses or follow-up communications that constitute personalized investment advice unless it has satisfied all applicable legal requirements or an applicable exemption or exclusion is available.
Rhett Trees is the Founder, Chief Executive Officer and Chief Compliance Officer at Seneca Capital Partners and its affiliates.
