Publications

Real Estate - NOVEMBER 18, 2020

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Karis Cold Storage forms JV with BLG Capital Advisors and Winter Properties

by Released

Karis Cold Storage, a Chicago-based cold-storage investment and development platform, has closed on a recapitalization of the company to admit an affiliate of Winter Properties, in addition to its existing investor, a client of BLG Capital Advisors. The recapitalization — including a significant capital commitment from the investment partners structured through a programmatic joint venture — will grow Karis Cold into a leading, national cold-storage investment and development platform. In addition to Winter and BLG, the platform’s operating company is owned by Karis Cold’s key principals, Jake Finley, Michael Smith and Brian Niven.

As part of the new venture, Karis Cold recently closed on two development sites in Los Angeles and Denver, the latter of which is anticipated to be a build-to-suit opportunity with one of the largest cold-storage operators in the country. Karis Cold also owns an 

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.