MDH Partners Acquires Two Industrial Assets with $80M Hubble Loan
Atlanta-based MDH Partners has closed a new $80 million “Hubble” loan, which was provided by accounts managed by global investment firm KKR. The Hubble Loan finances MDH’s recent acquisitions of the Knox Logistics Center and Harvill Logistics Center in California’s Inland Empire.
Both buildings are less than five years old, are 100-percent leased, and are both located in Perris, CA. The new financing also marks the first real estate credit transaction between MDH and KKR. Arun Singh led the process for MDH Partners.
“Significant financing is hard to come by in the current volatile market environment,” said MDH Partners CFO Singh. “As lenders of all types become more conservative with their capital allocation, we are fortunate to forge this new relationship with KKR. We will endeavor to build this relationship as we execute our acquisition strategy in key growth markets.”
Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.