NEW YORK CITY-KTR Capital Partners said Tuesday it had closed a $150-million financing on behalf of affiliate Keystone Industrial Fund that includes a $15-million revolving feature. The move was intended to wipe out some loan maturities while boosting KIF’s balance sheet, KTR CFO J. Peter Lloyd says in a release.

This three-year term loan was obtained from five major banking institutions, including two new lending relationships for the firm, according to the release. The facility is secured by the private equity firm’s 3.4 million square feet of industrial properties across the US.

“Securing this funding has enabled us to remove four short-term maturities from our debt portfolio while providing extra liquidity to KIF’s balance sheet in the formof additional cash and extra borrowing capacity,” Lloyd says in the release.

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?


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


Join GlobeSt

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

  • Free unlimited access to'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 and

Already have an account? Sign In Now
Join GlobeSt

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