GI Partners and Stag Capital Partners have formed a $200 million joint venture, to acquire individual single-tenant net leased industrial properties throughout the United States.
STAG Capital Partners (“STAG Capital”), a real estate company focused on the acquisition, ownership and management of single-tenant industrial properties throughout the United States, and GI Partners, a trans-Atlantic private equity firm, are pleased to announce the formation of their joint venture (the “Venture”), to invest up to $200 million to acquire individual single-tenant net leased industrial properties throughout the United States. This new platform investment continues the execution of STAG Capital’s investment strategy to acquire and manage assets predominately located in secondary markets with purchase prices ranging from $5 million to $20 million.
STAG Capital, headquartered in Boston, Massachusetts, actively acquires single-tenant, net leased properties via third party transactions and corporate sale-leasebacks to add to their existing portfolios of real estate assets. Tenants in these properties have included private equity-sponsored companies and both investment and sub-investment grade corporations. Property types include warehouse, flex, and manufacturing buildings. STAG Capital has deployed over $1.2 billion of capital representing the acquisition of over 200 properties since 2003. For additional information and to view details of previous STAG Capital transactions, please visit the company’s website at www.stagcapital.com. Reach STAG Capital at (617) 574-4777.
GI Partners, headquartered in Menlo Park, California, makes investments in asset-intensive middle-market businesses and properties located in North America and Western Europe. Key sectors of focus include commercial real estate, specialty healthcare, leisure, financial services and IT infrastructure. Across all of its investments, GI Partners seeks to identify market leading positioning and a partnership orientation that drives operational value creation. GI Partners investments have included FlatIron Crossing, a regional mall joint venture with Macerich (NYSE:MAC), Sunset Gower Studios, and the creation of Digital Realty Trust (NYSE:DLR). GI Partners will invest in the Venture through GI Partners Fund III L.P., which has $1.9 billion of capital commitments from leading institutional private equity and real estate investors. For more information about GI Partners, please visit www.gipartners.com. Reach GI Partners in Menlo Park, CA at +1 650 233 3600 and London, U.K. at +44 20 7034 1120.