ElmTree Funds Closes Nearly $500M in Industrial Real Estate Transactions in 2024

What's Happening: ElmTree Funds, a leading industrial net-lease real estate private equity firm, completed transactions totaling almost $500 million across seven markets in six states during 2024. The fund focused on build-to-suit, net-lease, mission-critical industrial assets, acquiring 2.37 million square feet of property with a weighted average tenant credit rating of A-.

The Key Moves:

• ElmTree executed transactions in Southern California, Iowa, Michigan, Mississippi, Missouri, Tennessee, and Texas.

• The fund's strategy centered on mission-critical, build-to-suit industrial properties to create long-term stability and tenant satisfaction.

• ElmTree plans to expand its portfolio in 2025, focusing on investment grade industrial assets and high-demand sectors like cold storage and data centers.

By The Numbers :

• ElmTree's 2024 transactions approached $500 million in value.

• The fund acquired 2.37 million square feet of industrial property.

• Acquired properties have a weighted average tenant credit rating of A-.

Key Quotes:

• "Our 2024 transactions highlight ElmTree's ability to execute a disciplined investment strategy in a challenging market," said James Koman, CEO and Founder of ElmTree Funds.

• "As demand for specialized industrial assets continues to rise, ElmTree is uniquely equipped to identify and seize opportunities in high-growth markets," Koman added.

• "By maintaining our focus on mission-critical, build-to-suit industrial properties, we are creating a foundation for long-term stability and tenant satisfaction," Koman stated.

The Bottom Line: ElmTree Funds demonstrated strong performance in the industrial real estate sector in 2024, closing nearly $500 million in transactions across multiple states. The fund's focus on build-to-suit, net-lease industrial assets positions it well for continued growth in 2025, particularly in high-demand areas like cold storage and data centers.

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