background-Texas Train Portfolio | Properties

Texas Train Portfolio

Texas train outside view

Off-market acquisition acquiring two Class A, urban infill industrial facilities in the Northwest Inner Loop submarket of Houston and the Guadalupe County submarket of San Antonio, two of the most dynamic, infill industrial submarkets in Texas.

The Portfolio is 100% leased to two tenants providing stable in-place cash flow and modern building features. The tenancy at these assets has proven to be sticky with an average tenure of approximately 16 years due to the mission critical nature of these facilities, proximity to labor, and access to the Houston, San Antonio and Austin MSAs.

With industrial acquisitions remaining extremely competitive, our ability to transact on off-market deals in this sector is critical. Acquiring a core, two-building industrial portfolio at an attractive yield relative to recent Class A trades in both the Houston and San Antonio markets as a result of the off-market nature of transaction is a great win for the Fund.
Richard Kimble, Portfolio Manager

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