Longpoint Partners Secures $108 Million Loan From PGIM For Industrial Portfolio Acquisition

Longpoint Partners secured $108 million in acquisition financing from PGIM Real Estate to purchase a four-asset industrial portfolio totaling 760,000 square feet across Florida, California, and Texas. The portfolio includes light industrial, distribution, and manufacturing facilities located near Miami, Dallas, and San Francisco, offering strong tenant demand and exposure to supply-constrained logistics markets.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $108,000,000
• Lender: Michelle Liu - PGIM
• Landlord: Dwight Angelini - Longpoint Partners
• Brokers: Nolan Alexander, Heather Brown, Rehan Munsiff - Cushman & Wakefield

The transaction was arranged by Cushman & Wakefield, with brokers Nolan Alexander, Heather Brown, and Rehan Munsiff involved in facilitating the deal, representing the landlord, Longpoint Partners, in this acquisition financing process.