Affinius Capital LLC has successfully secured a $150 million loan for a cross-collateralized industrial portfolio consisting of six Class A assets, totaling 1.8 million square feet. The portfolio, strategically located in high-growth markets across the US, 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% of the portfolio already leased and letters of intent in place for the remaining vacant space. This diverse submarket provides an attractive 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′, between 32-108 dock doors per property and spacious truck courts measuring between130′ -185′. Additionally,the properties offer convenient access to major roadways making it an ideal location for businesses looking for flexible space options that meet current market demands. The six properties are situated in Palm Beach (FL), Louisville (KY), Charlotte (NC), Atlanta (GA), Philadelphia(PA)and Dallas(TX).
