COLUMBUS, OH – Rockbridge is pleased to announce it has completed the final closing of its most recent value-add flagship fund, Rockbridge Hospitality Fund VIII L.P. ("Fund VIII") at $431 million of investor commitments, surpassing its target of $425 million. Fund VIII was backed by both long-standing investors and select new investors, including pension funds, foundations, endowments, insurance companies, asset managers, and private capital from family offices and high net worth investors.

Similar to Rockbridge's seven flagship funds, Fund VIII makes hospitality-focused real estate investments in the United States and built an attractive pool of investments since the beginning of 2021. To date, Fund VIII has made investments in 29 hotels, committing nearly $300 million of fund capital in both opportunistic debt and equity investments. Rockbridge and Fund VIII continue to have an active pipeline with several additional investments in closing or under control. Rockbridge expects to deploy Fund VIII's remaining capital in the next 12 months and then be back in the market with its next flagship fund.

Fund VIII will benefit from our continued investment in the team and platform. Our 23+ year strategy works. We are pleased with the portfolio we have built to date and expect the disruption in the market to continue to produce even more opportunities for us. Jim Merkel, CEO, Rockbridge

ABOUT ROCKBRIDGE

Rockbridge is an institutional real estate firm with a focus on hospitality. The firm, founded in 1999, has made over 290 investments in 38 states with over $10 billion in total capitalization and $3.5 billion in assets under management. Rockbridge has built a family of hospitality, development, and management company brands, and its continued success is a result of its core Rocks: Relevance, Relationships, Resilience, and Responsibility. Learn more at www.rockbridgecapital.com and Instagram.

Paul Kesman
248-321-2035
Rockbridge