JLL arranges $352.7M financing for Fundrise National Industrial Portfolio
Rhea-AI Summary
JLL (NYSE:JLL) has successfully arranged a $352.7 million financing package for the Fundrise National Industrial Portfolio. The portfolio comprises 12 institutional-quality industrial buildings spanning approximately 3.18 million square feet across strategic locations in the Mid-Atlantic and Sunbelt regions.
The financing was secured through Goldman Sachs and TPG Real Estate Credit for Fundrise affiliate funds. The properties feature modern specifications including LED lighting, ESFR sprinkler systems, and cross-dock configurations with clear heights of 23-40 feet. The facilities are currently occupied by diverse tenants from logistics, distribution, and technology sectors.
Positive
- Secured substantial $352.7M financing package for large-scale industrial portfolio
- Portfolio spans 3.18M square feet across strategic logistics locations
- Properties feature diverse, quality tenant mix across logistics, distribution, and technology sectors
- Strategic positioning near major transportation networks and international airports
Negative
- None.
News Market Reaction – JLL
On the day this news was published, JLL gained 0.16%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The 12 institutional-quality assets span 3.18M SF across strategic logistics hubs nationwide
JLL represented the borrower, affiliate funds of Fundrise, to secure a loan from Goldman Sachs and TPG Real Estate Credit.
The portfolio includes 12 properties strategically positioned across key logistics corridors in the Mid-Atlantic and Sunbelt.
The properties showcase institutional-quality specifications, including LED lighting, ESFR sprinkler systems, cross-dock configurations and clear heights ranging from 23 feet to 40 feet. The portfolio is currently leased to tenants representing a variety of industries, including third-party logistics, distribution services and technology.
"We are excited to continue expanding our relationship with the team at Goldman Sachs and to begin a new one with TPG," said Brandon Jenkins, COO of Fundrise. "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."
The JLL Debt Advisory team was led by Managing Director Robert Carey, Senior Managing Director Carl Beardsley, Senior Director Jason Carlos and Associates Gus Caiola and Patrick Wu.
"This portfolio represents a compelling investment opportunity, offering both geographic diversification and strong income stability from a quality tenant roster," said Carey. "The strategic locations near major transportation networks, including international airports and key interstate corridors, position these assets to benefit from continued logistics demand."
JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL's newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of
About Fundrise
With more than 2 million users, Fundrise is the largest direct-to-investor alternative asset manager in the country. For 10+ years, our mission has been to use technology to build a better financial system for the individual. We build software that enables us to develop and deliver investments designed to give our clients a performance edge in any economic environment. Our
About Goldman
Goldman Sachs is a leading global financial institution that delivers a broad range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in
Contact: Grace Lewis, JLL PR
Phone: +1 903 520 3478
Email: grace.lewis@jll.com
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SOURCE JLL
FAQ
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