ATCAP Partners, a Dallas-based real estate investment company, closed its joint venture with Brookfield through its Real Estate Secondaries business. The joint venture has acquired a 3.5-million-square-foot national logistics portfolio. Terms of the transaction were not disclosed.
The acquisition builds on ATCAP's recent track record of investing in critical logistics assets in key regions and brings the firm's national logistics portfolio to more than 9.5 million square feet.
Comprising 51 high-quality logistics properties, the portfolio totals 3.5 million square feet and includes infill locations in strategic, high-growth markets such as Dallas, Denver, Austin, Houston and Oklahoma City. The portfolio is currently more than 94% leased to high-quality tenants.
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