Gatehouse acquires a Strategic Industrial Portfolio in the U.S for $100m.

October 1, 2017

 

Gatehouse Financial Group (Gatehouse) is pleased to announce it has acquired a Strategic Industrial Portfolio (“The Portfolio”) comprising of 11 industrial and office properties dispersed throughout the Midwest, Northeast, and Southeast regions of the U.S. Assisted by Arch Street Capital Advisors, LLC, it will acquire the portfolio in partnership with a well-experienced US-based investment group, Brennan Investment Group (“BIG”).  The Portfolio current acquisition cost is approximately $100m.

The Portfolio is comprised of a 2.5m square foot portfolio consisting of 11 industrial and office properties situated in the Midwest, Northeast, and Southeast regions of the U.S.  The properties are leased to a total of 11 tenants who are reputable private companies that come from diverse industries including Energy Infrastructure, Automotive, Logistics Systems, Software, and others.

"We are pleased to acquire this Portfolio at a time when we see opportunities to invest in U.S. Industrial real estate market" commented Mr. Fahed Boodai, Chairman of Gatehouse Financial Group. “This sector has expanded for a record 29th consecutive quarter with the demand for industrial real estate outpacing new construction. Additionally, active tenant demand for industrial real estate is projected to exceed new supply in the near future. Having successfully invested in this sector previously, Gatehouse has a wealth of experience, which provides us with the ability to transact with sellers in a timely and efficient manner.”

Mr. Boodai, continued, "This is our sixth portfolio with the Brennan Investment Group. Together we will have invested nearly $1 billion in the US industrial real estate markets. Gatehouse continuously seeks to partner with best-in-class operators with demonstrated expertise in specific real estate sectors. This venture will capitalize on Brennan's expertise in U.S. industrial real estate to generate compelling risk-adjusted returns and falls in line with our strategy towards investing in this sector". 

"We are excited to acquire another net leased industrial portfolio with Gatehouse Financial Group.  Since 2011, Gatehouse has been our trusted partner and this acquisition marks our 6th joint venture together. We look forward to continuing our longstanding relationship with the Gatehouse team” said Michael Brennan, Chairman and Managing Principal of Brennan Investment Group.

 

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