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ElmTree Funds acquired $800 million of net-leased logistics and office real estate in the first quarter of 2022

ElmTree Continues Acquisition Streak for Net Leased Office and Industrial 

St. Louis-based ElmTree Funds, a net-lease real estate private equity firm, acquired seven assets located across the U.S. for approximately $800 million during the first quarter of 2022. The recent acquisitions include 3.2 million square feet of Class A logistics and office properties, each fully leased to an investment grade tenant on a long-term basis. 

The majority of the transactions ElmTree closed during Q1 originated from ElmTree’s longstanding relationships with its developer and corporate partners.   

The Q1 acquisitions feature a weighted average lease term of 13.7 years, a weighted average credit rating of A for those tenants with issued credit ratings. In ElmTree’s view, they’re located in some of the nation’s top performing markets including Raleigh, Minneapolis and Seattle. 

Last year, ElmTree completed approximately $4 billion in investment transactions consisting of 47 properties across 16.5 million square feet, and this year, is continuing its strategic acquisition activity. 

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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).

  • ◦Sale/Acquisition