DALLAS-CBRE Capital Markets has arranged the financing, and acted as the equity placement advisor, for a large industrial portfolio with assets located in Dallas, Houston, San Antonio and Atlanta. CBRE represented a joint venture partnership formed between Sealy & Company and AEW Capital Management to recapitalize the portfolio and obtain a $52.2 million loan through J.P. Morgan. The five-year, floating-rate financing is interest-only for the entire loan term. AEW owns the portfolio on behalf of AEW Partners VII, L.P., an opportunistic real estate fund.

The portfolio consists of nine properties located in four of the fastest growing industrial markets in the U.S.: Dallas (5), Houston (2), San Antonio (1) and Atlanta (1). The nine properties contain 20 multi-tenant industrial buildings totaling approximately 1.9 million square feet. At the time of closing, the portfolio was 90% leased to 62 tenants with a balanced expiration schedule.

“Given the institutional sponsorship, stability of cash flow and market diversity of the portfolio, the deal garnered a solid amount of attention from the lending community,” said Scott Lewis with CBRE's Dallas office.