ElmTree Funds, headquartered in St. Louis, has closed a transaction with Guggenheim Investments focused on investing in industrial e-commerce assets throughout the U.S. Guggenheim, on behalf of its clients, has provided a $600-million equity commitment to fund the partnership.
As part of the transaction, ElmTree, which specializes in acquiring build-to-suit properties net leased to investment grade tenants, will invest in industrial real estate assets tied to the e-commerce, last-mile, and logistics sectors.
“This strategic partnership provides fresh capital to continue investing in mission-critical assets that are in high demand across the country, while generating steady, long-term cash flow,” said James Koman, CEO and founder of ElmTree.
Jennifer Marler, head of real estate at New York City-based Guggenheim, added, “In these challenging times, we will continue to create innovative opportunities like this to drive value for our clients.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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