Updated Nov 17, 2023
Longpoint Partners & Brookfield Real Estate Secondaries Recapitalize Logistics Portfolio In New Jersey, DC, Dallas, South Florida & Boston For $700M
$700,000,000
$184/SF
Building Size
3,800,000 SF
Asset Type
Industrial
Closing
Mar 3, 2022
About this deal
AI
The recent closed property transaction involves a logistics portfolio situated across various markets including New Jersey, DC, Dallas, South Florida, and Boston. The industrial property spans a total square footage of 3,800,000.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: Not specified
- Market: New Jersey, DC, Dallas, South Florida & Boston
- Landlord: Longpoint Partners - Dwight Angelini & Brookfield Real Estate Secondaries - Marcus Day
- Brokers: Eastdil Secured
- Loan Amount: $700,000,000
- Loan Type: Recapitalization
The key individuals involved in this transaction are Dwight Angelini representing Longpoint Partners and Marcus Day from Brookfield Real Estate Secondaries. The brokers handling the deal are Eastdil Secured.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93