Plymouth Industrial REIT and Madison International Realty Joint Venture Closes on Industrial Portfolio in Metropolitan Memphis for $86 Million
Plymouth Industrial REIT and Madison International Realty Joint Venture Closes on Industrial Portfolio in Metropolitan Memphis for $86 Million
12/18/20, 12:04 PM
Location
new yorkMoney raised
$86 million
Industry
financial services
real estate investment
lending
real estate
Plymouth MIR JV LLC, a joint venture between affiliates of Plymouth Industrial REIT, Inc. (NYSE: PLYM) and Madison International Realty (“Madison”) closed on the previously announced purchase of a portfolio of infill industrial buildings in metropolitan Memphis for $86 million. The acquisition is projected to provide an initial yield of approximately 7.7%.
Company Info
Location
new york, new york, united states
Additional Info
Madison International Realty is a leading liquidity provider to real estate investors worldwide, specializing in providing equity capital for real estate growth platform investments and for real estate owners and investors seeking to monetize embedded equity, to replace capital partners seeking an exit and to recapitalize balance sheets.