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Voit Forms Collaboration with Battery Storage Firm
Voit Real Estate Services in San Diego established an exclusive collaboration with Tangerine Energy, an energy development company that is working to positively impact the environment and provide grid stabilization to local geographies in California. The new venture aims to lease and/or acquire as many as 50 industrial warehouse and/or land sites per year over the next five years to house battery storage centers in population-dense geographies that experience significant price volatility.
Voit’s Todd Holley says, “This strategy is a win-win for commercial property owners seeking stability in the current market. Each industrial warehouse or land site will be either acquired or fully leased by a credit tenant for up to a 15-year term. This delivers stabilized, cash flow assets – a welcome addition to most investors’ portfolios in uncertain times.”
Holley, who co-leads collaboration initiatives alongside Michael Mossmer, notes that this marks one of Voit’s first formal expansions into the energy sector.
For comments, questions or concerns, please contact Dennis Kaiser
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