Jera Partners, a commercial real estate investment firm focused on the acquisition, management and disposition of properties that are net-leased to quality credit tenants, has announced the acquisition of 27 industrial assets that are fully leased totaling approximately 3.3 million square feet for an aggregate price of $205 million.
Jera Partners bought the properties in a joint venture with a fund managed by New York City–based DRA Advisors. The portfolio is well diversified with 14 tenants, properties located in 15 states, and comprises a mix of warehouse, distribution and manufacturing assets. It has a weighted average lease term of approximately 13 years, with weighted average annual rent increases of approximately 2 percent.
"We are very excited to close our first industrial net-lease portfolio with our joint venture partner DRA. We look to continue to grow our venture and are very active in the marketplace. We believe our collective industry knowledge and
