Transactions - MARCH 5, 2019

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Colony Capital acquires $1.16b national industrial real estate portfolio

by Jody Barhanovich

Affiliates of Colony Capital have acquired a national portfolio of 54 light and bulk industrial buildings for $1.16 billion. Colony Capital is a diversified global real estate investment firm with $43 billion of assets under management. Transaction includes 48 last-mile logistics buildings and six bulk industrial buildings totaling nearly 12 million square feet.

This value-add portfolio is located across 10 U.S. markets, totals approximately 11.9 million square feet, and is 71 percent leased. Forty-eight of the buildings are last-mile light industrial and were acquired through Colony’s existing light industrial platform. The remaining six buildings are bulk industrial and were acquired through a newly formed joint venture in which Colony Capital has a 51 percent interest and a third-party institutional investor has a 49 percent interest.

“Our industrial platform has been scaling rapidly over the past four years and this transaction is a milestone that expands ou

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