NEW YORK CITY—KTR Capital Partners has secured a $142 million loan for a 4.3 million-square-foot portfolio of industrial properties located in Georgia, Nevada and Texas. Arranged by CBRE’s Val Achtemeier, EVP and provided by Prudential Mortgage Capital Corp., the senior loan features a 65% fixed rate portion of $92.3 million and 35% floating rate portion of $49.7 million.

The loan—provided to KTR affiliate KTR Industrial Fund III—features blended pricing with a five-year term as well as full-term interest only. The newly financed industrial portfolio consists of 16 institutional quality buildings across Georgia, Texas and Nevada. The portfolio is 87% leased and represents a critical mass of industrial warehouse and distribution facilities that CBRE describes as “highly functional.” The portfolio provides geographic and tenant diversification, functional layouts, strong dynamics and a manageable lease maturity schedule, according to the services firm.

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