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Texas  + Dallas-Fort Worth  + Industrial  | 
First Citizen Bank’s CIT Division in $29.9M Industrial Loan

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.

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Inside The Story

ATCAP’s Cartwright

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Sale/Acquisition
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