Wafra and Arden Group have announced a venture to acquire industrial service facilities (ISF) properties located in in-fill sites across major markets in the United States.
As part of the venture, the firms have closed on a portfolio of ISF properties, building an immediate presence in key growth markets, including Dallas, Houston, Atlanta, Austin, Texas, and Miami.
“Through this venture, Wafra continues its strategy of launching and scaling platforms in attractive niche real estate strategies where we create value through our operational expertise, global reach and deep industry networks,” said Pratik Patel, managing director at Wafra. “We recognize the importance of forming partnerships with industry leaders like Arden and ensuring meaningful alignment as the basis of shared success. This venture will allow us to build a sizeable market share within a highly fragmented sector by combining Wafra’s long-standing expertise in niche real estate strategies with Ar