Investment highlights
- The portfolio is comprised of seven warehouse assets across six, high-growth submarkets (Orange County and Inland Empire, CA; Orlando, FL; Atlanta, GA metropolitan statistical area (MSA); Philadelphia, PA MSA and New York MSA).
- Each location is located near major airports and/or cities and features attractive clear heights, ample dock doors, desirable truck courts and office build-out.
- The portfolio is 93% leased with major tenants including retail, logistics and technology companies.
Investment details1
Total loan size
$250,000,000
Purpose
Acquisition financing
LTV
65%
Square feet
3,154,018
Portfolio weight
1.6%
Description
Acquisition financing of Class A<sup>2</sup> industrial warehouse portfolio