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New York & Tri-State  + Midtown New York  + Industrial  |  September 27, 2023
Emily Fu
By: Emily Fu

BGO IREIT Buys Interest in $948M Midwestern Industrial Portfolio 

BGO Industrial Real Estate Income Trust has acquired a 34.2% indirect ownership interest in a portfolio of industrial assets in the Midwest valued at approximately $948 million.  

The acquisition, known as the “Seed Portfolio,” consists of 29 industrial buildings totaling over 9.4 million square feet located in Cincinnati, Kansas City, St. Louis, and Kenosha, Wisconsin. These properties are currently 90% leased to multiple tenants with a weighted average remaining lease term of approximately five years.  

“The Seed Portfolio highlights our portfolio construction strategy of aggregating modern industrial warehouse and logistics assets that connect global supply chains to consumers,” said Michael Glimcher, president, CEO and director of BGO IREIT.  

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About Emily Fu

Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money. With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.
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