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Chicago & Midwest  + Midwest  + Finance  | 
Minneapolis Industrial Investor Meritex Closes Fund IV After Reaching $100M Target

Minneapolis Industrial Investor Meritex Closes Fund IV After Reaching $100M Target

Minneapolis-based industrial investment firm Meritex has closed the commitment period for Meritex Industrial Fund IV with the fund achieving its target of $100 million in investor commitments.  The fund is targeting approximately $250 million in industrial investment properties within 10 U.S. target markets.

To date, the fund has acquired approximately $92 million in industrial real estate properties in four target markets – Atlanta, Kansas City, Minneapolis and Phoenix. The fund has also committed approximately $69.5 million to three industrial property developments in Houston, Indianapolis and Kansas City. Altogether, the real estate portfolio comprises approximately 1.37 million square feet of industrial properties across six target markets. 

Initial fund acquisitions include four infill industrial properties that were acquired through off-market and auction transactions totaling nine buildings and approximately 825,000 square feet in Marietta (Atlanta), GA; Lenexa (Kansas City), KS; Plymouth (Minneapolis), MN; and Tempe (Phoenix), AZ, providing immediate cash flow at favorable property level returns.



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