Dalfen Industrial, one of North America’s largest buyers of industrial real estate, has partnered with Goldman Sachs Asset Management to acquire a 21-building, 2.1-million-square-foot portfolio of infill logistics properties across key logistics markets.
The deal was acquired off-market and adds strategic assets across Dallas, Las Vegas, Cincinnati, and Pennsylvania to their growing portfolio. The newly acquired portfolio is 92% leased to 68 tenants, including prominent names such as Amazon, Red Bull and Packaging Corporation of America.
This acquisition underscores the growing confidence of institutional investors in industrial assets, driven by e-commerce growth, supply chain reorganization, and the resilience of the sector.
“Our success in executing on a multi-market transaction is attributable to our regional structure and deep market knowledge,” Mike Cohen, head of Acquisitions at Dalfen Industrial said. “Our local presence helps our teams deliver strong operating performance resulting in meaningful portfolio value creation.”
Sean Dalfen, President & CEO of Dalfen Industrial, emphasized the value-driven nature of the transaction.
“Dalfen Industrial is excited about adding exceptional assets in strong submarkets with substantial barriers to entry. The portfolio features a diversified rent roll across modern, well-located buildings in markets we know intimately. Acquired at well below replacement cost, we see significant potential to enhance value through strategic improvements and capturing upside as below-market leases roll over,” he said.
With this acquisition, the partnership between Dalfen Industrial and Goldman Sachs now totals 94 buildings and 19 million square feet in major U.S. markets, further solidifying their position as a market leader in industrial real estate.
“This acquisition fits our strategy to invest in assets that benefit from thematic trends such as the growth of e-commerce, onshoring and supply chain disaggregation in locations with favorable consumer and labor market dynamics. We are excited to continue to grow exposure to logistics assets in these markets,” Chance Monroe, managing director in Real Estate at Goldman Sachs Alternatives, said.
