Tempus Realty Partners Successfully Sells $7.8 Million Property
Tempus Realty Partners Completes Major Industrial Property Sale
Tempus Realty Partners, known as a leading name in commercial real estate investment, has recently completed an impressive sale of an industrial property valued at $7.8 million. This successful transaction not only highlights the firm’s strategic acumen but also showcases its impressive portfolio of assets.
Details of the Property Transaction
The industrial property, which spans 100,756 square feet across 9.02 acres, is located in Wausau, Wisconsin. It was previously occupied by the Polywood Shutter Company, making it a valuable asset in the firm’s extensive Portfolio 5. This particular property was bought in March 2023 for $7 million and was actively managed for approximately 1.7 years.
Insights from the Sale
Dan Andrews, the CEO of Tempus Realty Partners, noted, "This sale highlights our ability to navigate unique opportunities with tenants to create significant value for both them and our investors." He elaborated that this transaction exemplifies the strength of their operational approach and reinforces how well-positioned quality assets perform in the market.
Portfolio and Performance Amidst Growth
This transaction is noteworthy as it marks the first disposition from Tempus' Portfolio 5, which has been exceeding performance expectations. The firm continues to assess additional dispositions within this portfolio, looking for opportunities to optimize returns and ensure stable growth for its investors.
About Tempus Realty Partners
Tempus Realty Partners is an investor-centric real estate investment firm committed to acquiring and developing prime commercial real estate primarily in the South and Midwest regions. The company’s strategy revolves around generating superior risk-adjusted returns by leveraging unique commercial real estate opportunities alongside its network of partners in strategically selected cities.
Since its inception in 2016, Tempus has successfully acquired over $1 billion worth of property spread across 25 states, demonstrating its ability to adapt and thrive in the dynamic real estate market.
Frequently Asked Questions
What is the significance of the $7.8 million sale?
The sale underscores Tempus Realty Partners' ability to identify and capitalize on lucrative real estate opportunities, enhancing value for both investors and tenants.
Who occupied the sold industrial property?
The property was occupied by Polywood Shutter Company, adding to its attractiveness as an investment.
What distinguishes Portfolio 5?
Portfolio 5 includes various properties strategically located across multiple states, and it has shown strong performance, exceeding initial projections.
How long did Tempus manage the property before selling?
Tempus managed the property for approximately 1.7 years before executing the sale.
What is Tempus Realty's investment strategy?
Tempus aims to achieve superior risk-adjusted returns by acquiring and developing unique commercial real estate opportunities in targeted cities.
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