Bigger funds

At a recent commercial real estate conference in Fort Myers, attendees mobbed Stephen Hagenbuckle after his presentation.

It's easy to understand why. Hagenbuckle, the founder and managing principal of TerraCap Management in Bonita Springs, had just finished a presentation about two successful real estate investment funds he oversees totaling more than $125 million.

Now, there are plans for a third fund that will seek to raise $300 million to invest in commercial real estate around the state. “We'll start raising that in Q1 or Q2,” says Hagenbuckle.