Longpoint Partners, a Boston-based private equity real estate firm, announced the acquisition of a 10-building industrial portfolio in Miami-Dade County for $195 million. The portfolio comprises 729,901 square feet on approximately 41.8 acres in established Miami industrial submarkets.
“Miami has been a core market for Longpoint for years. We have invested across South Florida, built a local team and operating platform, and developed deep relationships throughout the region,” said Dwight Angelini, co-founder and managing partner of Longpoint. “This acquisition reflects the conviction and discipline that have guided our work here: acquiring functional, well-located small-bay industrial assets with a diverse tenant base in locations where new supply is difficult to create. Our local presence and vertically integrated platform position us to execute the business plan and create durable value for our institutional investors.”
At acquisition, the portfolio was 90 pe
