Minneapolis-based Founders Properties has purchased two industrial manufacturing facilities in Minnesota, in what is the company’s fourth acquisition for its newly launched Income Fund V.
The fund focuses on stable, core and core-plus industrial and office properties throughout the United States.
Totaling 231,771 square feet, the two manufacturing facilities are located in Rogers, Minn., and Brooklyn Park, Minn. According to Founders Properties, the buildings represent the fund’s investment strategy, which centers on an overall goal of portfolio diversification, in-depth knowledge of industrial and office assets and markets, and analysis of tenants’ credit and strategic relationships.
“This recent acquisition further diversifies our existing portfolio of investments for our fifth income fund,” said Chris Courneya, vice president of investments and acquisitions. “As we continue to expand this fund, we feel confident that this lease structure with a we
