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Updated Oct 29, 2024

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

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

Texas, USA

$250,000,000

$78/SF

Building Size

3,200,000 SF

Asset Type

Industrial

Closing

Sep 27, 2021

About this deal

AI

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.

On the Map

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$250,000,000

$78/SF

Industrial

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Players

Alan Yang

GLP Capital Partners

Landlord

$801.2M

vol

9 deals

Landlord
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Winters Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Deal FAQ

About $78 per square foot on a published $250M for 3,200,000 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.06%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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