John Scott Arnoldy Of Triten Real Estate Partners Secures $150M Loan From BMO For Industrial Portfolio
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An industrial portfolio consisting of 29 properties across six states has been refinanced through an unsecured loan. The total loan amount secured for this refinancing initiative is $150,000,000. The markets involved in this financing span Texas, Georgia, Missouri, Maryland, California, and Florida.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $150,000,000
- Lender: BMO
- Landlord: John Scott Arnoldy - Triten Real Estate Partners; Josh Baumgarten & Adam Schwartz - Angelo Gordon
- Broker: Justin Horowitz - Cooper Horowitz
Triten Real Estate Partners and Angelo Gordon commenced a joint venture focused on aggregating industrial outdoor storage assets in 2020. The underwriting of this loan signifies increasing lender confidence in the institutionalization of industrial outdoor storage as an asset class.
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