On November 25, 2025, Dalfen Industrial acquired an industrial portfolio located in West Sacramento comprising 1,300,000 square feet across 13 buildings. The total sale price was $155,300,000, with the properties sitting on 68 acres and currently 97% leased. The acquisition was primarily financed through a loan of $114.5 million from Bank of America. Prominent tenants include Crown Equipment and the State of California, with the portfolio strategically placed near major highways.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $155,300,000
• Buyer: Sean Dalfen - Dalfen Industrial
• Seller: Stephen A. Schwarzman - Blackstone
• Lender: Bank of America
• Acres: 68
• Square Footage: 1,300,000
• Price Per Square Foot: $119
• Leased Percentage: 97%
• Number of Tenants: 31

Sean Dalfen represented Dalfen Industrial in this transaction, marking a significant expansion in their industrial portfolio. Stephen A. Schwarzman acted as the representative for Blackstone, facilitating the sale. The acquisition plays a strategic role in enhancing Dalfen Industrial's market presence in the industrial sector, particularly in areas with high logistical demand.