trending Market Intelligence /marketintelligence/en/news-insights/trending/lYqRFrIQPHI_yYQdgAQDZw2 content esgSubNav
In This List

Dream Industrial completes US portfolio deal, in talks for 3 Canadian properties

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise

Blog

FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Dream Industrial completes US portfolio deal, in talks for 3 Canadian properties

Dream Industrial REIT completed the acquisition of 21 U.S. properties agreed in February for roughly C$235 million.

The distribution facilities are across Chicago; Cincinnati and Columbus, Ohio; Indianapolis; and Louisville, Ky.

The Canada-based property company is also in exclusive negotiations to acquire three properties in the Greater Toronto area and Ottawa, Canada, for a combined roughly C$76 million.

The acquisition is expected to close in the second quarter. The properties total roughly 533,000 square feet and have a weighted average occupancy of 99% and a weighted average lease term of 6.3 years.