Affinius Capital Provides $150M Loan For Ares Management's Industrial Portfolio | Affinius Capital Provides $150M Loan For Ares Management's Industrial Portfolio | Affinius Capital | Industrial | Loan

Summary

Loan

FLORIDA

Industrial

10,800,000 sqft

The industrial portfolio consists of six Class A assets totaling 1.8 million square feet located in high-growth US markets such as Palm Beach, FL, Louisville, KY, Charlotte, NC, Atlanta, GA, Philadelphia & PA, and Dallas, TX. The loan provided by Tom Burns of Affinius Capital LLC amounted to $150 million for this cross-collateralized industrial portfolio managed by Ares Management.

Summary of transaction details:

Property Type: Industrial
Transaction Amount: $150,000,000
Address: Industrial Portfolio
Market: Palm Beach, FL, Louisville, KY, Charlotte, NC, Atlanta, GA, Philadelphia & PA, and Dallas, TX
Lender: Tom Burns - Affinius Capital
Asset Size: 1,800,000 SF

The loan was provided by Affinius Capital LLC, with Tom Burns as the Managing Director. Approximately 40 percent of the portfolio is already leased, showcasing strong leasing activity. Ares Management, the fund manager of the Real Estate funds, sees the diverse submarkets and the untapped potential in financing as the portfolio stabilizes.

Players

All
1

Lenders
1

Affinius Capital

Details

Deal Summary

FINANCED

IMAGE: 02/27/2024 ADDRESS: Industrial Portfolio MARKET: Palm Beach, FL, Louisville, KY, Charlotte, NC, Atlanta, GA, Philadelphia & PA & and Dallas, TX ASSET TYPE: Industrial ~ SF: 1,800,000 LENDER: Tom Burns - Affinius Capital LOAN AMOUNT: $150,000,000 NOTE: Affinius Capital LLC has provided a $150 million loan for a cross-collateralized industrial portfolio of six Class A assets totaling 1.8 million square feet in high-growth US markets, managed by Ares Management. Managing Director Tom Burns highlighted strong leasing activity, with approximately 40 percent of the portfolio leased, emphasizing the diverse submarkets and potential for financing Real Estate funds managed by Ares as the portfolio stabilizes.

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AddressAffinius Capital Provides $150M Loan For Ares Management's Industrial Portfolio

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