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Chicago & Midwest  + Midwest  + Industrial  |  March 20, 2024
Jasmine Kilman
By: Jasmine Kilman

ElmTree Funds Launches Two Industrial Property REITs

ElmTree Funds, a St. Louis-based private equity real estate firm, has opened two new industrial funds, and for the initial investment, the REITs acquired an industrial property located in St. Louis. The funds, called ElmTree Industrial Trust Inc. and ElmTree Industrial Access Trust Inc., are “perpetual life” funds, or open-ended, according to the firm.

The funds intend to acquire and actively manage a diversified portfolio of net lease industrial properties across the United States. The REITs will offer an unlimited number of shares to accredited investors at an initial purchase price of $1,000 per share. ElmTree Industrial Trust is available to registered investment advisors, and ElmTree Industrial Access Trust is available to independent broker-dealers.

“Industrial real estate has long been a cornerstone of the U.S. economy, and we believe the sector’s strong fundamentals will remain attractive over the long term,” said James G. Koman, ElmTree’s CEO and founder. 

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About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.
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