BALTIMORE & MINNEAPOLIS--(BUSINESS WIRE)--ABR Capital Partners (ABR) and Biynah Industrial Partners (BIP) announce the acquisition of five additional properties for their Transportation-Related Industrial Portfolio (“TRIP”). TRIP is a nationwide portfolio of truck terminals, truck parking, and high flow-through industrial assets that now includes 22 assets.
The acquisitions include a truck terminal in Louisville, Kentucky (14 dock doors), a 3.93-acre truck maintenance facility with trailer storage in Eagan, Minnesota (7 dock doors), a truck terminal in Tampa, Florida (32 dock doors), a truck terminal in Miami, Florida (30 dock doors), and a truck terminal in Atlanta, Georgia (46 dock doors).
“The response to our national outreach for this product type has been robust,” said Jeff Josephs, Managing Partner at BIP. “The portfolio is exceeding expectations,” added Josephs.
ABR and Biynah remain focused on acquiring transportation-related industrial assets. “We see compelling investment opportunities in this focused logistics strategy,” said Ed Nordberg, Senior Managing Director of ABR. “Biynah is one of our preferred operating partners and has been instrumental in our success with this asset class.”
ABR Capital Partners (ABR) is a Baltimore-based real estate investment manager with a proven fifty-year track record, unconstrained access to the broadest opportunities in the middle market, and deep, long-standing relationships with leading real estate operators across the United States. Since the inception of the firm, ABR has acquired over $4.2 billion of assets, representing over 400 transactions, and seven firm-sponsored real estate funds. For more information visit abrcapital.com.
Biynah Industrial Partners, LLC (BIP) is a Minneapolis-based private equity firm that makes direct investments in industrial real estate located throughout the United States. Through its investment arm TRIP OP Co, it strategically acquires, owns and operates niche transportation focused industrial real estate in major US markets. For more information visit tripisf.com.
