Boodai: The portfolio has achieved its intended outcome as we constantly seize the best investment opportunities
Gatehouse Financial Group (Gatehouse), a leading financial services group, today announced that it has successfully completed the sale of its U.S. Industrial Portfolio A (USIP A) after achieving a total returns of 128%.
The portfolio is a fully leased, mission-critical 11-property industrial portfolio totaling 2.71 million square feet in Georgia, Illinois, Michigan, Minnesota, Ohio, Pennsylvania and Texas.
Mr. Fahed Boodai, Chairman of Gatehouse, said: “We are delighted to see this successful exit happening for USIP A, our first aggregated industrial portfolio in the United States. Due to the exceptional performance of this portfolio, it has achieved its target earlier than expected and accordingly the exit was undertaken prior to completing its planned 5 years holding period.”
Boodai added: This investment has delivered substantial returns to investors and further underlines our value-creation strategy set in 2010, especially in partnership with Brennan Investment Group. Gatehouse has been actively investing in the US industrial sector for a long time and we will maintain this strategy as we continue to see value in this rapidly evolving sector.”