September 16th, 2025
LEXINGTON, KY. – BC Wood Properties, a leading owner and operator of multi-tenant, grocery anchored, and necessity-based retail centers, announced today the first close of BC Wood Real Estate Fund IV, L.P. The Fund is anchored by a prominent university endowment that also served as the lead investor in BC Wood’s prior fund.
BC Wood Real Estate Fund IV, L.P. is targeting $200 million in total commitments, with a $250 million hard cap. The Fund advances BC Wood Properties’ proven strategy of acquiring and adding value to necessity-based neighborhood retail centers in attractive secondary markets strategy the firm has successfully executed for over three decades.
Headquartered in Lexington, Kentucky, BC Wood Properties manages a portfolio of retail centers spanning the Mid-Atlantic, Midwest, and Southern United States. The Company’s hands-on approach and deep market expertise have established it as a trusted partner for both investors and tenants.
“We are deeply grateful for the continued trust of our investor base, especially our anchor investor in Fund IV who recognized the value of our approach in Fund III,” said Brian C. Wood, CEO of BC Wood Properties. “Strong, enduring partnerships are at the core of our philosophy, and we are dedicated to fostering these relationships with our investors, tenants, lending partners, and the communities we serve.”
King Offutt, President and COO, added: “We believe the current market cycle offers significant long-term opportunities for necessity-based retail. Our experience navigating multiple cycles positions us to continue creating value for all stakeholders. Our disciplined investment process and focus on essential services retail centers have enabled us to weather volatility and meet the demands of evolving consumer trends.”
BC Wood Properties’ latest fund aims to capitalize on the growing demand for resilient retail properties that serve daily needs, reinforcing the firm’s commitment to its longstanding investment thesis.
BC Wood Properties is a fully integrated real estate operating company specializing in the acquisition, operation, and value creation of necessity-based retail centers. Founded in 1994, the Company has a longstanding track record in serving communities across the Mid-Atlantic, Midwest, and Southern regions of the U.S
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