Tempus Realty Partners, an Arkansas-based real estate investment partnership, has bought an industrial portfolio totaling 15 properties across eight states for $39.2 million.
The 458,297-square-foot portfolio includes 15 facilities located in Alabama, Michigan, Arizona, Georgia, Nevada, Ohio, South Carolina and Texas. Each facility in the transaction is fully occupied by W.W. Williams, an industrial distribution repair and service company.
Tempus Realty Partners is focused on acquiring and developing commercial real estate, mainly in the South and Midwest. The strategy of Tempus is to create superior risk-adjusted returns via unique commercial real estate opportunities by investing with its network of partners in targeted cities.
