High-Growth Markets Make a Mark with Investors
MDH Partners’ investment strategy seems to be paying off as exemplified by a recent transaction. Post-acquisition financing of $48.58 million was recently obtained for a fully leased four-property industrial portfolio totaling 505,719 square feet in the high-growth markets of Dallas and San Antonio.
“As a whole, Texas cities are attracting more investors, with Dallas-Fort Worth among the strongest industrial markets in the country right now, and San Antonio emerging as one of America’s fastest-growing cities,” said Arun Singh, chief financial officer at MDH Partners. “Given each facility’s location within regions that consistently demonstrate low vacancy rates, strong historical rent growth and substantial net absorption, this portfolio exemplifies our strategy of investing in industrial assets within high-performing submarkets.”
The portfolio includes two net-leased assets in infill submarkets at 3551 Dan Morton Dr. in Dallas and 2001 S. Laredo St. in San Antonio acquired via a sale-leaseback with Surlean Foods.
Both mission-critical facilities house in-demand food production along with freezer and cooler space.
JLL worked on behalf of the borrower MDH Partners to place the three-year floating-rate loan with a national bank.
- ◦Acquisition