ABR Capital Partners and Biynah acquire additional assets for TRIP portfolio
ABR Capital Partners (ABR) and Biynah Industrial Partners (BIP) have acquired three additional properties for their transportation-related industrial portfolio (TRIP). TRIP is a nationwide portfolio of truck terminals, truck parking and high flow-through industrial assets that now includes 17 assets.
The latest additions to TRIP include a truck terminal in Dallas (107 dock doors), a five-acre truck trailer storage yard in Nashville (101 truck drops) and a two-building truck terminal with maintenance facility in Phoenix (43 dock doors).
ABR is a Baltimore-based real estate investment manager that has acquired more than $4.5 billion of assets, representing 400-plus transactions, and six firm-sponsored real estate funds.
Biynah Industrial Partners (BIP) is a Minneapolis-based private equity firm that makes direct investments in industrial real estate located throughout the United States.