Four Springs Capital Trust has acquired or is under contract to acquire eight industrial properties valued at approximately $183 million.
The acquisitions include five build-to-suit opportunities and three sale-leaseback and existing assets.
The acquisitions include two last-mile distribution facilities leased to a leading ecommerce company, and six other industrial properties including cold storage/food distribution, light manufacturing and bulk distribution properties in strong target markets leased to creditworthy tenants.
“While distribution facilities have always played an important role in a company’s logistics supply chain, ecommerce and the effects of COVID-19 on consumer behavior have increased demand for industrial real estate,” said William Dioguardi, CEO of FSCT. “These eight properties underscore the continued diversified investment strategy for our portfolio.”
FSCT recently completed a $150 million institutional financing from Gold
