Four Springs Launches $150 Million Industrial DST Offering

Four Springs TEN31 Xchange LLC, a sponsor of Delaware statutory trust programs, announced the closing of a DST loan and, in connection, the launch of FSC Industrial Portfolio 27 DST.

Four Springs says the $150.5 million offering is 100% net leased on a long-term basis to 14 investment grade and other creditworthy tenants and is secured by a $72.2 million loan from Deutsche Bank.

The company says the portfolio includes 22 industrial properties located in 13 different states that serve as headquarters, manufacturing plants, distribution centers and rental locations.

Top tenants include companies like Brenntag, Domino’s, Columbia Gas, International Paper and New York State Electric & Gas. The offering includes 1.3 million rentable industrial square feet and represents 10 different tenant industries.

“We are pleased with the closing of this loan and bringing this geographically and industry diverse portfolio to market,” said William Dioguardi, chief executive officer. “While each tenant operates, for the most part, in distinct industries they all can be tied together through their involvement in the domestic supply chain.”

Four Springs Capital Markets is a financial services firm that raises capital for real estate and other alternative investments. Since 2009, the company has raised capital from financial intermediaries, high net worth individuals, family offices and institutional investors for a range of 1031 programs, private placements and REIT equity and debt investments.

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