Gatehouse Financial Group arranges acquisition of a Strategic Industrial Portfolio in the U.S. for $100 million

12 Oct 2017


Gatehouse Financial Group, parent company of Gatehouse Bank and Gatehouse Capital, is pleased to announce acquisition of a Strategic Industrial Portfolio (“The Portfolio”) advised by Gatehouse Capital comprising 11 industrial and office properties dispersed throughout the Midwest, Northeast, and Southeast regions of the U.S. Gatehouse Capital, assisted by Arch Street Capital Advisors, LLC, completed the transaction in partnership with a well-experienced US-based investment group, Brennan Investment Group (“BIG”).  The Portfolio current acquisition cost is approximately $100m.

 

The Portfolio is comprised of a 2.5m square foot portfolio consisting of 11 industrial and office properties situated in the Midwest, Northeast, and Southeast regions of the U.S.  The properties are leased to a total of 11 tenants who are reputable private companies that come from diverse industries including Energy Infrastructure, Automotive, Logistics Systems, Software, and others.

 

"We are pleased to complete this transaction at a time when we see opportunities to invest in U.S. Industrial real estate market" commented Mr. Fahed Boodai, Chairman of Gatehouse Financial Group. “This sector has expanded for a record 29th consecutive quarter with the demand for industrial real estate outpacing new construction. Additionally, active tenant demand for industrial real estate is projected to exceed new supply in the near future. Having successfully invested in this sector previously, Gatehouse has a wealth of experience which provides us with the ability to transact with sellers in a timely and efficient manner.”

 

Mr. Boodai, continued, "This is our sixth portfolio with the Brennan Investment Group. Together, we will have invested nearly $1 billion in the US industrial real estate markets. Gatehouse continuously seeks to partner with best-in-class operators with demonstrated expertise in specific real estate sectors. This venture will capitalize on Brennan's expertise in U.S. industrial real estate to generate compelling risk-adjusted returns and falls in line with our strategy towards investing in this sector". 

 

Michael Brennan, Chairman and Managing Principal of Brennan Investment Group, said "We are excited to acquire another net leased industrial portfolio with Gatehouse Financial Group.  Since 2011, Gatehouse group companies have been our trusted partner and this acquisition marks our 6th joint venture together. We look forward to continuing our longstanding relationship with the Gatehouse team”.

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