Transaction Overview
George Smith Partners arranged $47 million in non-recourse financing for a multi-tenant industrial portfolio acquisition and repositioning across Dallas, Garland, and Arlington, Texas. The financing includes an initial funding of $39,500,000 and a future funding facility of $7,500,000 for capital improvements and lease-up. The financing supports a comprehensive repositioning strategy including speculative tenant improvements, re-tenanting of 98,400 SF of vacant space, mark-to-market rent repositioning, and a four-year hold period.
