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Sealy Sells Industrial Portfolio for $908.5M

The portfolio includes 106 industrial warehouse buildings that are located in 16 markets across the Southeast, Southwest, and Midwest.

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DALLAS—Sealy Strategic Equity Partners, an investment fund sponsored by Sealy & Co., has closed on a $908.5 million sale to the New York-based DRA Advisors, of a 16.3-million of the 18.1-million-square-foot industrial-property portfolio that includes 106 industrial buildings.

Proceeds from the sale are expected to be distributed to fund investors in January 2020. The fund plans to sell the remaining portfolio assets in the first half of 2020, with additional liquidating distributions to follow.

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Erika Morphy

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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