National + Industrial | November 1, 2021

The Orange County industrial real estate market had a strong 2021

Arden Group, Arcapita Target $2B of Acquisitions with Industrial JV

Bahrain-based Arcapita Group Holdings and Philadelphia-based Arden Group have formed a joint venture to acquire multi-tenant industrial properties in urban centers across major U.S. markets. The new venture closed on an initial portfolio of properties valued at over $550 million, with an additional $250 million of properties closing in the near term. Plans are to grow the portfolio to up to $2 billion across the top 25 US industrial markets.

The venture’s initial portfolio totals approximately five million square feet across 18 industrial parks, located in seven US markets: Atlanta, Charlotte, Columbus, Dallas, Houston, Philadelphia, and Indianapolis.

“This niche industrial sector has been a thematic investment strategy for Arden and continues to provide attractive cash yields,” said Craig A. Spencer, Arden chairman and CEO. “We are pleased to align with Arcapita, a trusted and proven strategic partner, which shares our long-term vision for the asset class more broadly.”

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Arden Group's Spencer

About Paul Bubny

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. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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