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New York & Tri-State  + Tri-State  + Finance  |  June 19, 2023
Commercial and multifamily mortgage delinquencies remained low in the fourth quarter of 2022, despite slight upticks across most lender groups
Emily Fu
By: Emily Fu

Four Springs TEN31 Xchange Launches $150M Diversified Industrial Portfolio  

Four Springs TEN31 Xchange, a sponsor of Delaware statutory trust programs based in Naw Jersey, has closed a $72.2 million loan and launched FSC Industrial Portfolio 27, DST. Deutsche Bank provided the loan.  

The statutory trust program owns 22 industrial properties and has raised $150.5 million in offerings. The portfolio is 100% net leased on a long-term basis to 14 tenants, including Brenntag, Dominos, Columbia Gas, International Paper and New York State Electric & Gas, 

The properties serve industries in 13 different states, including chemical distribution, logistics, and food & beverage. The portfolio consists of mission-critical locations such as headquarters, manufacturing plants, distribution centers, and rental locations.  

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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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