Welcome Group, a Houston-based full-service single-tenant industrial owner and development firm, has entered into an agreement with an investment fund managed by Almanac Realty Investors, under which the fund has committed to provide up to $300 million of growth capital to Welcome to expand its investment platform and portfolio of primarily industrial and office assets in Texas.
Welcome Wilson Jr., president and CEO, said, “Our new relationship with Almanac will allow us to expand our investment activity focused on acquisitions, build-to-suits, value-add and spec development of quality industrial and office properties in an expanded market not only in Texas but across the United States.”
David Haltiner, managing director at Almanac added, “Welcome Group is an established organization with a strong investment track record. The leadership team has significant experience in the industrial and office space and is well positioned to execute on the growth strategy.”
