Goldman Sachs Alternatives and Dalfen Industrial Expand Partnership with 21-Building Logistics Portfolio Acquisition
- Editor
- Jan 30
- 2 min read
Updated: Feb 7
What's Happening:
Goldman Sachs Alternatives and Dalfen Industrial have acquired a 21-building, 2.1-million-square-foot portfolio of infill logistics properties across Dallas, Las Vegas, Cincinnati, and Pennsylvania. This off-market deal expands their existing partnership, which now totals 94 buildings and 19 million square feet in major U.S. markets.
The Key Moves:
The newly acquired portfolio is 92% leased to 68 tenants, including Amazon, Red Bull, and Packaging Corporation of America.
The acquisition adds strategic assets in key markets, further solidifying the partnership's position as a market leader in industrial real estate.
The portfolio was acquired at below replacement cost, with potential for value enhancement through strategic improvements and capturing upside from below-market leases.
By The Numbers :
The acquired portfolio consists of 21 buildings totaling 2.1 million square feet.
The Goldman Sachs and Dalfen Industrial partnership now encompasses 94 buildings and 19 million square feet.
Dalfen Industrial's overall portfolio exceeds 50 million square feet of industrial real estate.
Key Quotes:
"Our success in executing on a multi-market transaction is attributable to our regional structure and deep market knowledge," said Mike Cohen, Head of Acquisitions at Dalfen Industrial.
"Acquired at well below replacement cost, we see significant potential to enhance value through strategic improvements and capturing upside as below-market leases roll over," stated Sean Dalfen, President & CEO of Dalfen Industrial.
"This acquisition fits our strategy to invest in assets that benefit from thematic trends such as the growth of e-commerce, onshoring and supply chain disaggregation in locations with favorable consumer and labor market dynamics," explained Chance Monroe, Managing Director in Real Estate at Goldman Sachs Alternatives.
The Bottom Line: The acquisition strengthens Goldman Sachs Alternatives and Dalfen Industrial's position in the industrial real estate market, capitalizing on e-commerce growth and supply chain trends. The below-market purchase price and potential for value enhancement through strategic improvements present significant opportunities for the partnership to drive returns in key U.S. markets.
Comentarios