Making Good Use of $337.5 Million
We are pleased to share the progress we have made towards strategically deploying new capital. As discussed in our Winter 2016 newsletter, we received a $337.5 million capital commitment to continue to fund new property acquisitions and grow the company. To date, we have acquired 2.75 million square feet of industrial properties representing $70 million of equity.
We also have a robust pipeline of new acquisitions representing 2.6 million square feet and $70 million of equity.
Thank you to the brokers who have and are making this possible:
- Steve Shields of Transportation Property Group
- Anthony Brent of HFF
- Rick Reeder and Brad Tecca of Cushman & Wakefield
- Bob Taylor and Tim Mustin of JLL
- Bryce Blanchard of Newmark Grubb
- Michael Goldstein of Colliers
We are also in the process of selling stabilized assets out of our original investment vehicle, created in 2011. In 2017, we have sold $72 million of assets. Thank you to the brokers who have and are making this possible:
We expect the second half of 2017 to be even more active than the first. We look forward to working with our talented broker partners, both established and new, to identify acquisition opportunities that fit our objectives. Please don’t hesitate to contact us with your leads! The right deal may even secure you a spot in our Gold Rush promotion.