Real estate private equity manager ElmTree Funds has closed another transaction with Guggenheim Investments.
Following ElmTree Funds' sale of its majority position in an 18-property net lease portfolio to Guggenheim Investments last year, the companies are now teaming up to invest in industrial e-commerce assets throughout the US.
Guggenheim has provided a $600 million equity commitment to fund the partnership with ElmTree, which specializes in acquiring build-to-suit properties net leased to investment-grade tenants.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
