The industrial portfolio involved in the transaction is a 2.1 million-square-foot property located across California, Nevada, Florida, Maryland, and Illinois. The loan amount for this industrial asset was $220 million, with KKR providing the refinancing through managed insurance accounts. The property is owned by Ares Industrial Real Estate Income Trust (AIREIT) and boasts a diverse range of institutional-grade tenants, aligning well with the strong market demand for industrial assets.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $220,000,000
• Address: Industrial Portfolio
• Market: California, Nevada, Florida, Maryland & Illinois
• Lender: Adam Simon & Ian McConnell - KKR
• Landlord: Michael Arougheti - Ares Industrial Real Estate Income Trust
• Broker: Alex Lapidus Okin, Alexander Hernandez, Brian Share, Ernesto Sanchez, Jason Blankfein, John Alascio, Joseph Lieske, Robert Rubano & TJ Sullivan - Cushman & Wakefield

The financing deal was secured by Ares Industrial Real Estate Income Trust (AIREIT) through a $220 million refinance provided by KKR. Cushman & Wakefield's team played a crucial role in negotiating the debt for the industrial portfolio, which comprises nine buildings spread across various states in the US. The transaction reflects the confidence of investors in the industrial sector's performance, given the strong market demand and quality of tenants within the portfolio.