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Dallas-Based JV Snags 51 Property Industrial Portfolio
A joint venture between Dallas-based investment firm ATCAP Partners and global asset manager Brookfield has purchased a 51-property industrial logistics portfolio totaling 3.5 million square feet.
The locations of the properties in the portfolio were not disclosed but they are located across the nation in markets that include Dallas, Houston, Austin, Denver and Oklahoma City. At the time of sale the portfolio was 94% leased.
“This transaction is a key milestone for ATCAP as we look to grow our industrial holdings in attractive markets across the U.S.,” said David Cartwright, principal at ATCAP. “We have seen particularly strong growth in this space over the past year, and this portfolio represents a compelling opportunity to partner with an industry-leading partner in Brookfield. We look forward to continuing to work together to expand our partnership and build on this momentum.”
The seller was not disclosed. Eastdil Secured represented ATCAP in the deal.
- ◦Sale/Acquisition
