Goldman Sachs Alternatives and Dalfen Industrial have joined forces to acquire a portfolio of 21 infill logistics properties, totaling 2.1 million square feet, for $293 million. The deal was made privately with Blackstone and adds assets in Dallas, Las Vegas, Cincinnati, and Pennsylvania to the already impressive Goldman/Dalfen portfolio which now consists of 94 buildings spanning over 19 million square feet.
The recently acquired properties are currently leased at an impressive rate of 92% by a diverse group of tenants including major companies such as Amazon, Red Bull and Packaging Corporation of America. This includes last-mile facilities that Bloomberg News has reported are becoming increasingly difficult to construct due to complaints from residents about truck traffic and noise pollution.
According to Dalfen CEO Sean Dalfen in an interview with Bloomberg News: “Over time these assets will greatly increase in value due their essential role within our infrastructure.” He went on further saying that “Last-mile industrial buildings are limited resources because communities simply do not want them.”
A spokesperson for Blackstone told Bloomberg: “Having successfully executed our business plan at these properties we are delighted with this agreement which delivers excellent results for our investors.”
