Altus Equity Group Expands Industrial Portfolio in Texas
Altus Equity Group Expands Its Investment Strategy
Altus Equity Group is excited to share its latest strategic move in the industrial sector by acquiring Kennedale Light Industrial Park. This small-bay industrial property is positioned in a thriving metropolitan area, further enhancing Altus's already robust portfolio.
Understanding the Acquisition
Located at 7406 Mansfield Highway, this magnificent industrial park features seven buildings totalling approximately 160,000 square feet on a 13.196-acre site. Designed to accommodate the increasing demand for flexible small-bay commercial space, the park has been developed to meet the needs of businesses in one of the fastest-growing regions of the country.
The Benefits of the Location
Kennedale's recent growth trajectory is noteworthy. The area enjoys convenient access to multiple major urban centers, making it an appealing spot for various industries. The park's placement on Business Highway 287 ensures swift connections to key roadways, including Interstate 20 and 820, facilitating smooth logistics and operations for tenants.
Delivering Value Through Strategy
Altus Equity Group perceives the Kennedale Light Industrial Park acquisition as a value-add opportunity. Acquired at around 30% below the current replacement cost, there is significant potential for appreciating asset value. With the property currently at 30% occupancy, Altus is keen on deploying a comprehensive leasing strategy to fully leverage the available space.
Leadership Insights
“We are acquiring this property well below replacement costs,” stated Andy Eicher, Senior Vice President of Investments at Altus Equity Group. “With a robust leasing strategy, our goal is to enhance the value of the asset through careful tenant procurement.” This outlook reflects Altus's broader commitment to expanding its industrial properties across high-demand markets.
Future Growth and Opportunities
This acquisition marks a significant step for Altus Equity Group as they seek to capitalize on promising economic trends within the industrial real estate sector. The firm is dedicated to identifying underperforming assets and transforming them into significant value creators, consistent with their investment philosophy.
About Altus Equity Group
Altus Equity Group is recognized as a leading private real estate investment firm specializing in the multifamily and industrial asset classes across the United States. Their expert team focuses on driving value through innovative structuring, diligent financing, and effective asset optimization strategies that ultimately benefit their investors.
With over 20 years of experience, Altus uses a tripartite business model that encompasses real estate investments, property management, and private lending services. Their impressive 93% investor reinvestment rate demonstrates their commitment to excellence and meeting investor expectations.
Contact Information
For further inquiries about Altus Equity Group, the following professionals are available for contact:
Forrest Jinks: [email protected]
Andy Eicher: [email protected]
Chad Richards: [email protected]
Media Contact:
James McGee
6198651551
[email protected]
Frequently Asked Questions
What is Kennedale Light Industrial Park?
Kennedale Light Industrial Park is a small-bay industrial property acquired by Altus Equity Group, designed to accommodate flexible commercial space.
Where is the industrial park located?
It is strategically situated at 7406 Mansfield Highway in Kennedale, Texas, providing excellent access to major urban centers.
What is Altus Equity Group's strategy with this acquisition?
The firm aims to lease up the property, thus increasing its value by maximizing occupancy through strategic tenant placement.
How long has Altus Equity Group been in operation?
With over 20 years of experience, Altus is recognized for its focus on unlocking hidden values in real estate investments.
What sectors does Altus Equity Group focus on?
Altus primarily focuses on multifamily and industrial assets, emphasizing growth in these key sectors across the U.S.
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