Oakmont, Hunt Ally for Industrial Spree

ATLANTA-Locally based Oakmont Industrial Group, with a portfolio of three million sf, has formed an investment partnership with Dallas-based Hunt Realty Corp. to acquire properties in the Southeast, Houston and Los Angeles.

Hunt Realty is the 25-year-old centralized real estate investment management resource for the entities of the billionaire Hunt family directed by Ray L. Hunt.

The partners haven’t set a dollar cap on their goals, and Oakmont’s existing portfolio of properties in Georgia and Texas is not part of the partnership. Hunt, headed by president Gene Sanger, will be the capital provider. Oakmont, led by president Richard Rider and executive vice president Stephen Nelson, will handle most of the development and acquisition assignments which are expected to be in high-quality business parks.