Partners Group has sold a large-scale portfolio of U.S. industrial assets for more than $1 billion.
The portfolio has a combined leasable area of 8.6 million square feet and consists of 88 industrial properties primarily located across the Mid-Atlantic and Southeast regions, including Atlanta; Nashville, Tenn.; Norfolk, Va.; Raleigh-Durham, N.C.; and Virginia’s Shenandoah Valley. The properties include 74 light industrial buildings and 14 class A bulk industrial buildings, which primarily serve distribution tenants in the ecommerce supply chain.
In line with the firm's build-to-core strategy, Partners Group built the portfolio by aggregating three separate lead investments, in partnership with Equus Capital Partners, located in five fast-growing U.S. markets, offering unique exposure to attractive industrial assets in multiple geographic regions. At the time of the exit, Partners Group had executed its full transformational value creation plan, increasing occupancy l