LOS ANGELES—In its third transaction with Brennan Investment Group, RealtyMogul.com has completed a $1.2-million equity raise for Rosemont, IL-based Brennan to acquire a two-property, 132,997-square-foot flex industrial portfolio in Houston and Stafford, TX. Brian Esquivel, VP of CRE equity at RealtyMogul.com, says the transaction presented  "an opportunity for our investors to participate as equity stakeholders in an institutional-quality flex industrial portfolio with an exceptional sponsor."

Adds Jilliene Helman, CEO of RealtyMogul.com, "Our investors are benefiting from Brennan's extensive experience investing in industrial properties in addition to a presence in the Houston area." More than one-third of Brennan's 1.7-million-square-foot Texas industrial portfolio is concentrated in the Houston metro area.

Both properties—at 8600-8850 Jameel Rd. in Houston and at 12705 Kirkwood Center in Stafford—come into Brennan's portfolio in good condition, with strong locations within their respective submarkets. Both offer a mix of office and warehouse space. At the time of closing, the portfolio was 94% occupied by 36 tenants. 

Brennan will handle all aspects of the investment including acquiring the portfolio, implementing capital improvements, property management, leasing and ultimately resale. "Our working experience with RealtyMogul.com continues to be excellent," says Brad O'Halloran, managing principal and executive director of investor relations at Brennan. "We look forward to more successful raises in the future."