Tempus Realty Partners, a real estate investment firm based in Arkansas, has announced the acquisition of an industrial portfolio valued at $29 million. The portfolio includes two sale-leaseback properties and one value-add property, totalling 424,659 square feet and spanning 36.84 acres.
The newly acquired properties are located in Birmingham, Alabama; Elkton, Maryland; and Fond du Lac, Wisconsin. Tenants in these properties include Micropore, Inc., and Action Printing.
“We are pleased to add these strategically located industrial properties to our portfolio,” said Dan Andrews, Managing Partner of Tempus Realty Partners. “This acquisition aligns with our growth strategy and our commitment to providing high-quality assets to our investors.”
This acquisition marks a significant milestone for Tempus Realty Partners as the company continues to expand its industrial holdings in key markets. This portfolio is Tempus’ second acquisition in 2024.
Tempus Realty Partners focuses on acquiring and developing commercial real estate, primarily in the South and Midwest. The firm aims to generate superior risk-adjusted returns through unique commercial real estate opportunities. Since its inception in 2016, Tempus has acquired over $1 billion worth of properties across 25 states.
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By Proptechbuzz
By Ravi Kumar
