MDH Partners has closed on $90 million in financing from Wells Fargo, expanding an existing $93 million loan used to acquire the 603,389-square-foot South Belt Central Building 4 in Houston and another out-of-state property. Investment & Development Ventures of Houston completed the building earlier this year.
The loan is part of MDH’s Fund II which combines large university endowments and foundations with a total equity of $750 million to create a total acquisition power of $2 billion. The fund was raised within two months time period.
This year alone, MDH Partners has acquired nearly 5 million square feet worth industrial assets across the United States including Fort Worth Logistics Hub Building 1 purchased for 67.5 Million dollars from VanTrust Real Estate located in Fort Worth, Texas back in April 2020 .
