Atlas Holdings LLC has recently introduced Atlas Properties, a real estate investment platform that specializes in the industrial sector. On December 21, 2023, Atlas Properties was established and immediately acquired a diverse portfolio of 23 crucial industrial properties across the United States for $300 million.
According to the company’s announcement on Wednesday, investors have already committed over $500 million in additional equity capital for Atlas Properties. This combined with market debt financing will provide more than $1 billion in potential growth opportunities. The platform will focus on investing in industrial real estate within Greenwich, CT-based parent company Atlas Holdings’ core sectors. Currently managing a portfolio of 27 businesses involved in manufacturing and distribution operations.
Tim Fazio, co-founder and managing partner at Atlas stated that their extensive knowledge of industrial real estate gained through their various businesses with significant property footprints has led to the creation of this new investment strategy through Atlas Properties. He also mentioned how this aligns with their long-standing practice of investing where they can leverage their expertise and experience to gain an edge over competitors.
Proskauer Rose LLP acted as legal advisor for this venture by providing services to both companies under one umbrella – Connect CRE .
