Redfearn Capital Recapitalizes $107.5M Industrial Portfolio In Florida With DRA Advisors As Lender

The transaction involves an industrial portfolio located in Jacksonville, South Florida, Clearwater, and Orlando. The total loan amount for the recapitalization effort is $107,500,000, covering a portfolio with a combined size of 900,000 square feet across 10 separate assets.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $107,500,000
• Lender: David Luski - DRA Advisors
• Landlord: Alex Redfearn - Redfearn Capital
• Brokers: Dominic Montazemi & Mike Davis - Cushman & Wakefield
• Loan Type: Recapitalization

In this deal, Redfearn Capital has recapitalized the Florida industrial portfolio, with DRA Advisors stepping in as the new equity partner. Cushman & Wakefield's representatives, Mike Davis and Dominic Montazemi, provided advisory services to Redfearn during the transaction. TPG Angelo Gordon, previously involved as the original joint venture partner since 2020, continues to collaborate with Redfearn on two other funds overseeing a total of $750,000,000 in assets across three states.