New Private Market Industrial Real Estate Fund Is Now Open For Investment

The Industrial Aggregate Fund VII offering is now available to prospective investors on the CrowdStreet platform. 

The 7th iteration of the aggregate fund seeks to acquire 15-20 free-standing properties ranging in size from 10,000 to 100,000 square feet. The specific type of properties the sponsor of the offering, Finial Group, is seeking to acquire are distribution and light manufacturing facilities in Houston, Dallas, San Antonio, Atlanta, and Nashville markets. 

The properties to be added will be a mix of cash-flowing core plus assets, value-add projects, and vacant properties. The focus on the country's Sunbelt region is in part due to the growth and lack of inventory within the specifically chosen markets. According to data obtained from CoStar, Nashville and Atlanta, for example, offer investor-attractive metrics, with year-over-year rent growth of 8.32% and 7.68% and vacancy rates of 4.6% and 6.6%.

Part of the investment strategy being implemented is to diversify the fund through acquiring properties with varying levels of lease terms, credit profiles, and occupancy rates. This is expected to provide a level of downside protection by not being overexposed to one specific asset profile. 

Finial Group was founded in 2010 and has since achieved a total capitalization of $400M worth of investment projects. The investment firm has previously launched six industrial aggregation ventures following the same investment strategies and within the same markets. Finial is currently managing properties that combine to over 3.5 million in square feet equating to $169M in total asset value.

The Industrial Aggregate Fund VII investment offering is being offered through the CrowdStreet platform with the minimum investor contribution being set at $25,000. 

Image: courtesy of CrowdStreet