trending Market Intelligence /marketintelligence/en/news-insights/trending/A7jsJQWST2jfFC87BooACw2 content esgSubNav
In This List

ElmTree sells majority position in $900M US net lease property portfolio

Video

According to Market Intelligence, December 2022

Blog

Insight Weekly: Layoffs swell; energy efficiency PE deals defy downturn; 2023 global risk themes

Blog

Spotlight on sustainability: How banks can overcome the challenges of achieving net-zero emissions by 2050

Blog

Insight Weekly: Energy crisis cripples Europe; i-bank incomes rise; US holiday sales outlook


ElmTree sells majority position in $900M US net lease property portfolio

Real estate private equity manager ElmTree Funds LLC sold a majority position in an 18-property portfolio of build-to-suit net lease assets across the U.S.

Guggenheim Investments acquired the position in the portfolio, which has a gross asset value of about $900 million and is mainly made up of industrial and office assets.

The portfolio includes a 1.5 million-square-foot industrial facility in Dallas net leased to a U.S.-based confectionary maker; a 500,000-square-foot industrial facility in St. Louis net leased to a U.S.-based multinational courier delivery services company; and a 375,000-square-foot industrial facility in Valley, Ala., net leased to a U.S.-based corrugated packaging company.

ElmTree will manage the assets for Guggenheim and keep a small equity portion in the portfolio.