An unknown private real estate fund managed by Brookfield Asset Management Ltd. (TSX:BAM) acquired 15 MSF Industrial Portfolio in Atlanta, Dallas and Houston from funds managed by DRA Advisors LLC on July 15, 2024. Brookfield was able to obtain attractive debt terms for the acquisition via the CMBS market in June. The portfolio, which was marketed by Eastdil Secured, spans 20 different markets, with most of the facilities located in the Sun Belt. Others are in the Northeast and Midwest. A separate report from Green Street states that the cities in the portfolio with the largest numbers of properties include Atlanta, with 18 properties, Dallas, with 16 properties, Houston, with 17 properties and Memphis, Tenn., with 12 properties. Columbus, Ohio, took up the top spot for square footage, with Brookfield now under ownership of nearly 2.3 million square feet of space around the city. Gibson Dunn & Crutcher LLP provided counsel to Brookfield. DRA Advisors? legal guidance came from Blank Rome LLP, while Dechert LLP represented the deals? financiers.

An unknown private real estate fund managed by Brookfield Asset Management Ltd. (TSX:BAM) completed the acquisition of 15 MSF Industrial Portfolio in Atlanta, Dallas and Houston from funds managed by DRA Advisors LLC on July 15, 2024.