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CHICAGO-Michael Brennan, the former president and CEO of First Industrial Realty Trust, has launched an real estate investment firm. The company, to be called Brennan Investment Group LLC, will be based out of Chicago and plans to focus on industrial properties through acquisition, development or operation.

“We established Brennan Investment Group at one of the most opportune periods the industrial real estate market has ever seen,” Brennan says. “With no legacy burdens, our firm is well positioned to capitalize on current and future market conditions in order to achieve outstanding risk-adjusted returns.”

Brennan went on to say, “The industrial real estate sector is a large, stable and diversified investment class offering a compelling opportunity for both current income and appreciation. Our firm will use a disciplined investment approach to strategically exploit investment opportunities.”

Brennan serves as chairman and managing principal of the new company. Other executives include Peter Murphy, co-founder, vice-chairman and managing principal as well as Kareem Fikri, Robert Krueger, Britten Shuford and Kevin Smith, all of which hold the tile of co-founder and managing principal. In total the team has been involved in the investment of more than 4,000 properties in 60 cities throughout the US, Canada and Europe.

“With years of successful acquisition and development experience, our team has deep connections in key markets that will allow Brennan Investment Group to act nimbly and seize strategic investment opportunities as they arise,” Brennan says. “The firm’s management team comprises some of the most accomplished industrial real estate executives in the United States. Many of us have worked shoulder-to-shoulder and share a mutual hunger and vision for creating value for investors. I’m thrilled such strong talent has joined me to build the new gold standard in industrial real estate firms.”

To begin, the company will focus on primary target markets in the US including Central Florida, Chicago, Northern New Jersey, Southern California, Texas and Washington, DC. Although they are not ruling out secondary markets like Atlanta, Columbus, Indianapolis, Memphis, Milwaukee, Nashville, Phoenix and St. Louis. Offices will be located in Chicago, Los Angeles, Boston and Cincinatti.

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