Affinius Capital LLC has successfully originated a $150 million loan for a cross-collateralized industrial portfolio comprising of six Class A assets, totaling 1.8 million square feet. The portfolio is strategically located in high-growth markets across the United States and was financed for a Real Estate fund managed by Ares Management.
According to Tom Burns, managing director at Affinius Capital, leasing activity has been robust with approximately 40 percent of the portfolio already leased and letters of intent issued for most of the remaining vacant space. He also added that this diverse submarket provides an excellent opportunity to finance Real Estate funds managed by Ares as they work towards stabilizing the entire portfolio.
The industrial buildings boast desirable features such as clear heights ranging from 24′ to 36′, dock doors numbering between 32-108, spacious truck courts measuring between130′ -185′, and easy access to major roadways. Located in Palm Beach (FL), Louisville (KY), Charlotte (NC), Atlanta (GA), Philadelphia (PA) and Dallas(TX); these properties offer flexible space options that cater perfectly to current market demands.(Photo: Property in Coopertown)
This news article highlights how Affinius Capital LLC secured funding worth $150 million for their impressive industrial property collection spread across various prime locations within US cities like Palm Beach(FL).
