WASHINGTON, D.C. — JLL Capital Markets has arranged a $352.7 million financing package for the Fundrise National Industrial Portfolio, a collection of 12 institutional-quality industrial buildings concentrated in the Mid-Atlantic and Sun Belt regions.
Goldman Sachs and TPG Real Estate Credit provided the loan to an affiliate of Fundrise, a private equity firm based in Washington, D.C. Robert Carey, Carl Beardsley, Jason Carlos, Gus Caiola and Patrick Wu of JLL’s Debt Advisory team arranged the loan, which will be used to refinance the portfolio.
“This financing will enable us to advance our long-term business plan for the industrial portfolio, create value for our investors and capitalize on the strong macro tailwinds in the industrial sector today,” says Brandon Jenkins, chief operating officer of Fundrise.
Buildings within the portfolio, which totals roughly 3.2 million square feet, feature LED lighting, ESFR sprinkler systems, cross-dock configurations and clear heights ranging from 23 feet to 40 feet.
“This portfolio represents a compelling investment opportunity, offering both geographic diversification and strong income stability from a quality tenant roster,” says Carey. “The strategic locations near major transportation networks, including international airports and key interstate corridors, position these assets to benefit from continued logistics demand.”
The facilities featured in the portfolio are currently leased to multiple tenants in a variety of industries, including third-party logistics, technology and distribution services.
Fundrise is an online platform that offers direct-to-consumer investment opportunities. The firm currently maintains a portfolio of more than $3 billion in assets under management, including investment vehicles focused on real estate private equity, private credit and growth equity.
— Abby Cox