Search
 

US Investors Eye Value-Add Portfolios

As the US industrial market continues its remarkable run, it's getting easier to finance deals for value-add properties.

min-NavarreBuilding760049thAveNorthNewHopeMN-200 (3) This building on 49th Ave. North in New Hope, MN, a suburb of Minneapolis, is the one property in the portfolio that is currently vacant.

CHICAGO—The US industrial market keeps getting stronger, and many investors have set their sights on value-add portfolios. Brennan Investment Group, a US real estate company, and a client of Arch Street Capital Advisors, LLC, a Greenwich, CT-based real estate investment advisory firm, recently took another step into this market segment by acquiring an 11-building portfolio located in eight states and totaling 2,497,982 square feet. The price was $100 million. The seller was an institutional owner.

Brennan has been one of the more active buyers over the past few years, but most of the buildings in this latest portfolio have shorter leases than the company usually acquires, and one property in New Hope, MN, is currently vacant.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Brian J. Rogal

Brian J. Rogal

Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.

More from this author

Recommended Stories

Downtown Denver MXD Building Trades

Downtown Denver MXD Building Trades

Adele Carter |

“Northland recognized the irreplaceable nature of this asset, which marks their entry into the Denver market."

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.