Home Alts News Newer Sponsor Acquires 12 Building Portfolio Outside of Atlanta

Newer Sponsor Acquires 12 Building Portfolio Outside of Atlanta

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A relatively new real estate program sponsor, Sealy & Company, recently announced the acquisition of a business center that will be part of its investment offering Sealy Strategic Equity Partners (SSEP).

SSEP is a private equity offering and diversified limited partnership that invests in industrial real estate assets.

Its latest acquisition was in Atlanta’s Northwest submarket and included a 12 building portfolio. Named Northwest Business Center (the Center), the buildings include warehouses and flex/light industrial units totaling about 472,000 square feet.

The Center offers convenience to major highways and local attractions, including the new Atlanta Braves ballpark project.

“The Marietta submarket continues to demonstrate the fundamentals for a sustained pro-business environment and provides a catalyst for increasing rental rates in the area,” stated Scott P. Sealy, Jr. in a statement. “We are encouraged by the improving vacancy rates and positive absorption in the Northwest Atlanta market and find this portfolio to be an excellent addition to SSEP.”

SSEP is a Regulation D offering. Educational information regarding the program may be found on AI Insight’s system.