DALLAS, Jan. 30,
2025 /PRNewswire/ -- Goldman Sachs
Alternatives and Dalfen Industrial, a leader in last-mile
industrial real estate, have announced the acquisition of a
21-building, 2.1-million-square-foot portfolio of infill logistics
properties. The deal was acquired off-market and adds strategic
assets across Dallas, Las Vegas, Cincinnati, and Pennsylvania to their growing portfolio.
The newly acquired portfolio is 92% leased to 68 tenants,
including prominent names such as Amazon, Red Bull, and Packaging Corporation of
America.
"Our success in executing on a multi-market transaction is
attributable to our regional structure and deep market knowledge,"
said Mike Cohen, Head of
Acquisitions at Dalfen Industrial. "Our local presence helps our
teams deliver strong operating performance resulting in meaningful
portfolio value creation."
Sean Dalfen, President
& CEO of Dalfen Industrial, emphasized the value-driven
nature of the transaction:
"Dalfen Industrial is excited about adding exceptional assets in
strong submarkets with substantial barriers to entry. The portfolio
features a diversified rent roll across modern, well-located
buildings in markets we know intimately. Acquired at well below
replacement cost, we see significant potential to enhance value
through strategic improvements and capturing upside as below-market
leases roll over."
With this acquisition, the partnership between Dalfen Industrial
and Goldman Sachs now totals 94 buildings and 19 million
square feet in major U.S. markets, further solidifying
their position as a market leader in industrial real estate.
"This acquisition fits our strategy to invest in assets that
benefit from thematic trends such as the growth of e-commerce,
onshoring and supply chain disaggregation in locations with
favorable consumer and labor market dynamics. We are excited to
continue to grow exposure to logistics assets in these markets,"
said Chance Monroe,
Managing Director in Real Estate at Goldman Sachs
Alternatives.
About Dalfen Industrial
Headquartered in Dallas, Texas,
Dalfen Industrial LLC is a premier name in last-mile industrial
real estate and one of the largest privately held industrial real
estate firms in the United States.
The company specializes in strategically located infill warehouses
and distribution centers, with a portfolio exceeding 50
million square feet.
About Real Estate at Goldman Sachs Alternatives
Goldman Sachs (NYSE: GS) is one of the leading investors in
alternatives globally, with over $500
billion in alternative assets and more than 35 years of
experience. The business invests in the full spectrum of
alternatives including private equity, growth equity, private
credit, real estate, infrastructure, hedge funds and
sustainability. Clients access these solutions through direct
strategies, customized partnerships, and open-architecture
programs.
The business is driven by a focus on partnership and shared
success with its clients, seeking to deliver long-term investment
performance drawing on its global network and deep expertise across
industries and markets.
The alternative investments platform is part of Goldman Sachs
Asset Management, which delivers investment and advisory services
across public and private markets for the world's leading
institutions, financial advisors and individuals. Goldman Sachs has
$3.1 trillion in assets under
supervision globally as of September 30,
2024.
Established in 1991, Real Estate at Goldman Sachs Alternatives
is one of the leading investors in real estate with over
$60 billion in capital invested since
2012 across the spectrum of investment strategies from core to
opportunistic and credit. The global team invests across all
sectors with deep expertise across the capital structure, in assets
ranging from single properties to large portfolios, through senior
mortgages, mezzanine debt and equity.
Media Contact: press@dalfen.com
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SOURCE Dalfen Industrial