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GLP Capital Partners Takes $250M Loan For 3.2M SF Industrial Portfolio In Atlanta, Fort Worth, Chicago, Memphis, And Central Valley

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FINANCED
$250,000,000

Texas

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Industrial3,200,000 SF
Financed 09/27/2021
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Property Image
FINANCED

GLP Capital Partners Takes $250M Loan For 3.2M SF Industrial Portfolio In Atlanta, Fort Worth, Chicago, Memphis, And Central Valley

Texas, USA

See Similar Deals
Industrial3,200,000 SF
Financed 09/27/2021
Contact now

Summary

TEXAS
Asset Type:Industrial
Price Per Square Foot:$78
Total Square Footage:3,200,000 SF
Transaction Type:Loan

GLP Capital Partners, represented by Alan Yang, has closed a transaction on an industrial property located in Atlanta, GA, Fort Worth, TX, Chicago, IL, Memphis, TN, and Central Valley, CA. The property spans approximately 3,200,000 square feet. The deal was made possible through a loan provided by PGIM Real Estate, with Eric Adler as the lender. The loan amount for this transaction was $250,000,000.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $250,000,000
  • Location: Atlanta, GA, Fort Worth, TX, Chicago, IL, Memphis, TN, and Central Valley, CA
  • Square Footage: 3,200,000
  • Landlord: GLP Capital Partners - Alan Yang
  • Lender: PGIM Real Estate - Eric Adler

The collaboration between GLP Capital Partners and PGIM Real Estate resulted in the successful completion of this industrial property transaction. The involvement of Alan Yang as the landlord's representative and Eric Adler as the lender highlights the expertise and professionalism of the parties involved.

Details

FINANCED
IMAGE: Alan Yang & Eric Adler DATE: 09/27/2021 MARKET: Atlanta, GA Fort Worth, TX, Chicago, IL Memphis, TN, & Central Valley, CA ASSET TYPE: Industrial ~ SF: 3,200,000 LANDLORD: GLP Capital Partners - Alan Yang LENDER: PGIM Real Estate - Eric Adler LOAN AMOUNT: $250,000,000

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$250,000,000.00

Monthly NOI$1,666,666.67
Monthly Debt Service$1,580,170.06
Change in Cash Flow$0.00
Refinance Proceeds$0.00