A joint venture partnership between Oak Brook-Illinois-based real estate investor Clear Height Properties (“Clear Height”) and Harbert US Real Estate (“HUSRE”), an investment strategy sponsored by Harbert Management Corporation (“HMC”), has acquired a fully leased 103,540 square foot, multi-tenant light industrial building located at 2200 Highway 13 West in Burnsville, Minnesota, with frontage on the north side of Highway 13 West. The Minneapolis market consists of over 400 million square feet of industrial supply, reporting a 4.4% current vacancy rate. The property is in the South-Central submarket, one of Minneapolis’ best performing submarkets, reporting only a 3.5% vacancy rate. The building sits on over ten acres of land, including extensive outdoor areas, utilized by each of the tenants for car parking, fleet vehicle parking & material storage. The acquisition marks Clear Height’s fourth investment in the Minneapolis market. For details visit: https://lnkd.in/e-wTxuhu
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MK2 Real Estate is pleased to have advised Clearbell Property Partners IV LP, managed by private equity real estate fund management and advisory business Clearbell Capital LLP, on the acquisition of Parkside Industrial Estate in Wolverhampton. The multi-let estate comprises 11 warehouse units, ranging from 4,937 sq ft to 14,100 sq ft, and totalling 98,277 sq ft. It is 94% occupied, with ten of the units let to four tenants. The acquisition aligns with Clearbell’s strategic focus on securing industrial assets below replacement cost as well as offering significant reversionary potential to enhance rental values. MK2's Mark Rooke and Max Sowter advised Clearbell. Mark said: "The industrial property market is buoyant in the West Midlands, particularly for good quality multi-let estates in Wolverhampton and the surrounding areas, due to its central location and rich history in manufacturing and engineering. As such, it is attracting both occupiers and investors. “Parkside Industrial Estate presented a strong case for investment, with potential rental growth and asset management opportunities, aligning with Clearbell's strategic aims." #PropertyInvestment #CommercialProperty #RealEstate
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Lennar Corporation, one of the largest homebuilders in the United States, is implementing a strategic shift towards a land-light model. This approach involves reducing the company's direct ownership of land assets and instead focusing on more flexible land acquisition and development strategies. Key aspects of Lennar's land-light blueprint include: 1. Potential $4 billion spinoff of land holdings to create a separate entity for land management. 2. Improved operational efficiency and reduced risk exposure to land market fluctuations. 3. Enhanced cash flow and balance sheet strength through reduced capital tied up in land assets. 4. A $3.5 billion financing facility at favorable rates to support the transition. 5. Increased focus on home deliveries and construction, with a 15% increase in deliveries reported in a recent quarter. This strategy aligns with broader industry trends towards asset-light models in homebuilding, allowing companies like Lennar to be more agile in responding to market conditions while potentially improving their financial performance and risk profile.
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## Only put off until tomorrow what you are willing to die having left undone. ### Beacon Roofing Supply, Inc. Expands Presence with Chicago Metal Supply Acquisition Beacon Roofing Supply, Inc. \(BECN\), a leading provider of roofing and exterior products, has recently announced its acquisition of Chicago Metal Supply & Fabrication, Inc., further solidifying its position in the architectural metal fabrication market. This strategic move not only adds valuable expertise to Beacon's capabilities but also expands its footprint in the North Central region. With this acquisition, Beacon is well-positioned to capitalize on the growing demand for architectural metal fabrication services. The addition of Chicago Metal Supply & Fabrication strengthens Beacon's portfolio and provides a competitive edge in an increasingly lucrative market. As an experienced investment advisor, I believe that this acquisition presents a unique opportunity for investors looking to grow their Health Savings Account \(HSA\). By investing in companies like Beacon, which are at the forefront of the construction industry, you can potentially benefit from their continued growth and success. Don't miss out on the opportunity to invest in a company that is expanding its capabilities and strengthening its market position. Act now to secure your financial future and take advantage of the potential returns offered by Beacon's strategic acquisition. Invest in your HSA today and reap the rewards of a well-diversified portfolio. #hsa #investing #healthcare #health #family #wellness 😊💪📈
Beacon Stock Set to Benefit From Chicago Metal Supply Acquisition
zacks.com
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🏢In a significant move in the real estate investment arena, Rexford Industrial Realty has completed the acquisition of a substantial amount of industrial properties in Southern California from the global investment powerhouse Blackstone. This $1 billion transaction marks a pivotal deal in the region's industrial property market. 🏭The acquisition encompasses 48 industrial properties spanning over 3 million square feet, primarily located in downtown areas of Los Angeles and Orange County, with the majority already leased. 💵Recognized as one of the most active industrial investors in California, Rexford Industrial Realty's Co-CEOs, Howard Schwimmer and Michael Frankel, underscored the strategic significance of this investment, emphasizing its potential to drive long-term value creation and enhance operational performance. 🌍This acquisition highlights the robust demand for high-quality industrial properties in Southern California, which is widely acknowledged as one of the most fiercely competitive and supply-constrained industrial property markets in the United States. Despite challenges such as limited land supply and higher prices, the market remains dynamic, fueled by the evolving needs of e-commerce and logistics. 👀For Rexford Industrial Realty, this acquisition marks a significant step in its business strategy, consolidating its position as a key player in the Southern California industrial property market. With a track record of successful investments and a robust portfolio covering millions of square feet, the company remains poised for further growth and expansion in the vibrant industrial real estate sector. Source: Costar 📩 Send us a message and let us know how we can help #realestate #industrailrealestate #industrail #warehouse #commercialrealestate #investment #realestateinvestment #losangeles #orangecounty
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One of my largest construction projects in DC is nearing completion! If you remember in July when I posted the before on this one (go see the before if you haven't yet) - the property was completely different and construction had only just started. Now nearly 14 months since acquisition, the property has been fully transformed into two stunning condos! We acquired the property for $750,000 and have invested nearly $700,000 in renovations to bring this vision to life. The transformation from acquisition to completion showcases the power of collaboration and passion in real estate development. What do you think of the features we have added? Let me know in the comments below! #realestate #dmvrealestate #dcrealestate #dmvrealestate #dmvliving #condoconversion #realestatedeveloper #realestateinvesting
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Great interview excerpt. For some of our clients, we think Net Lease strategies make sense... We would add that in addition to attractive purchase prices (via higher cap rates), we like the potential for NAV appreciation *if* interest rates decrease. This possibility for an upside kicker may not be as likely in private credit where floating rate loans would reset to lower benchmark rates. *Disclosures* This is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any security or investment product or services. The content is provided solely for your personal use and shall not be deemed to provide access to any particular transaction or investment opportunity. Premier Path Wealth Partners does not intend the information to be investment advice, and the information presented should not be relied upon to make an investment decision. Any proprietary or third-party information, such as graphs, charts, fact sheets, etc., contained herein was prepared by sources deemed to be reliable but is not guaranteed. Past performance does not guarantee or is indicative of future results. An index is a hypothetical portfolio of investment holdings that represents a segment of the financial market. A sector is a group of stocks within an index relating to specific industries. An economic indicator is usually a piece of macroeconomic data that is used by analysts to interpret current or future economic activity.
We believe the net lease sector currently offers the best buying opportunity that we’ve seen in commercial real estate in two decades. I sat down with my colleague Sean Connor to discuss why Blue Owl Capital is well positioned to deploy over $5 billion in dry powder to act on this buying opportunity.
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For two seemingly unrelated commercial real estate issues, there is a very important relationship between lease expiries and building equipment life-cycle CAPEX. #realestate #realestateinvestment https://lnkd.in/eMN6Wpkf
Have you ever consider what, if any, relationship there might be between lease expiries and the anticipated life-cycle of building equipment? When they do align it typically provides for an opportunity to go through a major rehab or repositioning exercise. Further, if there is an indication there is some alignment then it may help to guide on the lease duration for any new leases to ensure the building will be more-or-less vacated at the time of any major repositioning or redevelopment. #realestate #realestatedevelopment #repositioning #capex #leaserenewal #leasemanagement
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🚀 Exciting News in the Texas Industrial Real Estate Market! 🚀 Brookfield Asset Management has made headlines again with their latest acquisition of a massive 14.6M SF portfolio of infill light industrial assets for $1.3B. This strategic move highlights the continued growth and demand in the industrial sector. In addition to Brookfield’s impressive buy, there have been several notable acquisitions in Texas this year: Pagewood and CenterSquare teamed up to acquire the Gateway Industrial Commons, a portfolio of industrial assets totaling 46 buildings in #Houston. CapRock Partners made their Texas industrial debut with the acquisition of Peachtree Distribution Center, a 396,750-square-foot facility in #Mesquite. DRA Advisors purchased an eight-building, 846,261-square-foot infill industrial portfolio in #Plano. These acquisitions demonstrate the resilience and potential of industrial real estate investments in Texas in 2024. As the industrial sector continues to flourish, supported by innovative strides and escalating construction outlays, it’s clear that industrial real estate remains a cornerstone for economic stability and growth. #IndustrialRealEstate #Brookfield #TexasRealEstate #RealEstateInvesting #2024Trends
Brookfield Snaps Up Another Massive Industrial Portfolio For $1.3B
bisnow.com
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Sale-leaseback of a 44,232 s/f manufacturing/warehouse/distribution building for $5 million. Dover, NH Real Estate firm negotiated the recent sale-leaseback of 111 Venture Dr., a 44,232 s/f manufacturing/warehouse/distribution building on 8.03 acres in Enterprise Park, for $5 million. In a strategic financial move, ForwardMerch divested the property while securing a leaseback arrangement for a duration of seven years on a triple-net basis. Despite prevailing high interest rates, the investment opportunity garnered significant attention from multiple prospective buyers, underscored by the presence of a local tenant. This acquisition marks Redstone’s second venture in New Hampshire. https://lnkd.in/eNBPn9gW #soldporperty #propertyinvestment #milliondollarlisting #warehouse #manufacturing #distribution #industrialbuildings #industrialrealestate #realestatedeals #industrialrealestateupdates
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Capital Markets Expert | Connecting Capital with High-Value Real Estate Opportunities | LP, JV & CoGP
Hall Jacobs’ direct sources have plenty of dry powder to finish off the year. The SWEET SPOT right now is $15M LP 90/10. Deals with room for this size of a single check—preferably larger—are primed to secure Capital. The Capital’s focus? Multifamily, Multifamily Mixed-Use, BTR (Build-to-Rent), and Self-Storage New Construction and Value-Add Projects in highly desirable markets. These are the projects most likely to get funded in today’s environment. If you’re working on a project that fits this profile, let’s connect! DM me to schedule an introduction call. #Multifamily #MixedUse #BuildToRent #SelfStorage #RealEstateInvestment #ValueAdd #CapitalMarkets #CRE #NewConstruction #RealEstateDeals #PrivateEquity #Investments #DirectLending #CommercialRealEstate
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Land of a thousand lakes! Congratulations Joe