Barings, an alternative investment manager, announced that it has provided an $86.2 million loan to Obelisk Real Estate Partners to support the acquisition of a three-building industrial portfolio in Charleston, S.C.
“We’re pleased to expand our relationship with the experienced team at Obelisk in supporting their acquisition of this industrial portfolio, which is strategically located in one of the Southeast’s most compelling industrial markets,” said Ryan Naumes, managing director with Barings. “With a logistics and port-oriented location, the portfolio aligns well with our focus on high-quality industrial real estate in markets with durable demand drivers.”
“Charleston’s industrial sector continues to show strong momentum, making it a focus market for Obelisk. We're thrilled to strengthen our existing relationship with Barings on the acquisition of this highly differentiated industrial portfolio in infill Charleston,” said Jake Meskin, acquisitions
