Four Springs Capital Trust Reports Significant Industrial Acquisition Activity

Four Springs Capital Trust, a private real estate investment trust, has purchased or is under contract to purchase eight industrial properties valued at approximately $183 million.

Four Springs Capital Trust, a private real estate investment trust, has purchased or is under contract to purchase eight industrial properties valued at approximately $183 million.

The REIT said that the acquisitions include five build-to-suit opportunities and three sale-leaseback and existing assets.

The properties include two last-mile distribution facilities leased to “a leading e-commerce company,” and six other industrial properties including cold storage/food distribution, light manufacturing and bulk distribution properties in strong target markets leased to creditworthy tenants.

“While distribution facilities have always played an important role in a company’s logistics supply chain, e-commerce and the effects of COVID-19 on consumer behavior have increased demand for industrial real estate,” said William Dioguardi, chief executive officer. “These eight properties underscore the continued diversified investment strategy for our portfolio.”

Four Springs Capital Trust recently completed a $150 million institutional financing from Goldman Sachs Asset Management and Magnetar Capital to continue building the REIT’s portfolio as well as to provide property inventory to its Four Springs TEN31 Xchange subsidiary.

Four Springs Capital Trust is a private real estate investment trust that owns and operates a portfolio of industrial, healthcare and necessity retail properties net leased to investment grade and other creditworthy tenants under long-term leases.

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