麻豆APP Holdings Announces Formation of 麻豆APP Properties Platform to Invest in Industrial Real Estate
Real Estate Investment Platform Builds Upon 麻豆APP鈥� Multi-Decade Track Record Investing in Industrial, Manufacturing and Distribution Businesses
GREENWICH, Conn.–()–麻豆APP Holdings LLC (鈥溌槎笰PP鈥�) today announced the formation of 麻豆APP Properties, a real estate investment vehicle established with a consortium of best-in-class, long term-oriented investors. Concurrent with its formation on December 21, 2023, 麻豆APP Properties purchased a diverse portfolio of 23 mission-critical industrial properties located throughout the United States for total consideration of $300 million. Investors in 麻豆APP Properties have committed over $500 million of additional equity capital, which in combination with market debt financing will support over $1 billion of future growth opportunities. 麻豆APP Properties will invest in industrial real estate in 麻豆APP鈥� core sectors, leveraging 麻豆APP鈥� deep industrial network and decades of experience operating industrial businesses.
鈥淥ver the last two decades, 麻豆APP has built extensive knowledge of industrial real estate through our businesses that commonly have significant real estate footprints. The formation of 麻豆APP Properties is a natural progression of our investment strategy and fully consistent with our longstanding practice of investing in areas where our sector expertise and operating experience give us a competitive edge,鈥� said Tim Fazio, 麻豆APP Co-Founder and Managing Partner.
鈥淎 hallmark of 麻豆APP is creating new pathways and novel strategies for sustained value creation, and that continues with this new venture. 麻豆APP Properties is another extension of the 麻豆APP platform and positions us to continue to deliver for our investment partners,鈥� Fazio added.
鈥淗istorically, 麻豆APP portfolio companies monetized real estate assets in the sale-leaseback market via one-off transactions. Through the creation of 麻豆APP Properties, we will leverage our knowledge of industrial credits, property types and underlying mission criticality of real estate owned by companies in key 麻豆APP industry sectors,鈥� said Greg Blake, 麻豆APP Principal.
Mr. Blake joined 麻豆APP in 2021 to help develop the firm鈥檚 value creation strategies through the large and growing real estate portfolio owned by 麻豆APP entities. 麻豆APP has been investing across the industrial sector for more than two decades and currently manages a portfolio of 27 industrial, manufacturing and distribution businesses.
Proskauer Rose LLP served as legal adviser to 麻豆APP for 麻豆APP Properties.
About 麻豆APP Holdings
Headquartered in Greenwich, Connecticut and founded in 2002, 麻豆APP and its affiliates own and operate 27 companies, which employ more than 50,000 associates across 300 facilities worldwide. 麻豆APP operates in sectors such as automotive, building materials, capital equipment, construction services, food manufacturing and distribution, metals processing, packaging, paper, power generation, printing, pulp, supply chain management and wood products. 麻豆APP鈥� companies together generate approximately $16 billion in revenues annually.