In a recent collaboration, Goldman Sachs and Dalfen Industrial, based in Dallas, joined forces to acquire a portfolio of warehouses from Blackstone Inc. for approximately $300 million. The portfolio consists of 21 buildings located in Dallas.
The total area covered by these buildings is around 2.1 million square feet and almost all of them are currently occupied with 92% leased to 68 tenants.
Goldman Sachs and Dalfen purchased the entire portfolio for $293 million. This acquisition adds another feather to their cap as they now own a total of 94 logistics buildings spanning over nearly19 million square feet together. This partnership was formed back in mid-2020 when they acquired a last-mile industrial portfolio comprising of more than6 .3million square feet consistingof46 properties.
Dalfen Industria has an impressive track record with ownerships exceeding55million square feet nationwidein the industrial real estate sector.Dallas has seen significant growth between2019and2023withan additionofapproximately110 millionsquarefeetindistributionandwarehousespace.This latest purchase further solidifies their presence in this booming market.