Monday, 15 March 2021 02:00 PM
Partnerships
COHASSET, MA / ACCESSWIRE / March 15, 2021 / Pacer Partners has formed a national single tenant investment program focused on value-add opportunities with a large investment manager with more than $25 billion in assets under management. The joint venture recently closed on its first investment, an approximately 500K square foot distribution facility in suburban Chicago.
"This is a strategy we've had success with over the last five years, and we're pleased to expand on our capabilities to acquire larger transactions of up to several hundred million dollars through a joint venture with a best-in-class institutional investment manager. We expect to see continued opportunities to reposition single tenant assets as users identify their new real estate requirements in a post-COVID environment," said Pacer Partners CEO, Jon Bourbeau.
The programmatic joint venture is actively seeking single tenant properties in excess of $60 million with a transitional profile, which could consist of a near-term lease expiration, termination option, dark tenant, difficult tenant credit, or any other tenant-based volatility. Investment opportunities should be sent to Pacer Partners at [email protected].
Contact
Aaron Nuetzman
Pacer Partners
617-553-4475
[email protected]
SOURCE: Pacer Partners