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Goldman Sachs, TPG Lend $353M on Fundrise Industrial Portfolio

JLL’s Capital Markets group arranged a $352.7-million financing package for Fundrise National Industrial Portfolio, 12 institutional-quality industrial buildings totaling approximately 3.18 million square feet across multiple high-growth markets throughout the U.S. The group represented affiliate funds of Washington, DC-based Fundrise in securing a loan from Goldman Sachs and TPG Real Estate Credit. 

The JLL Debt Advisory team was led by managing director Robert Carey, senior managing director Carl Beardsley, senior director Jason Carlos and associates Gus Caiola and Patrick Wu.

“This portfolio represents a compelling investment opportunity, offering both geographic diversification and strong income stability from a quality tenant roster,” said Carey. “The strategic locations near major transportation networks, including international airports and key interstate corridors, position these assets to benefit from continued logistics demand.”

The portfolio includes properties in key logistics corridors across the Mid-Atlantic and Sunbelt. They’re leased to diverse tenants in industries such as third-party logistics, distribution services and technology.

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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 16-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 7-10 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).

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