US real estate investors ABR Capital Partners and Biynah Industrial Partners (BIP) have acquired three additional properties for their transportation-related industrial venture.
The partnership鈥檚 Transportation-Related Industrial Portfolio (TRIP) has invested an undisclosed amount to buy a truck terminal in Dallas, Texas, a five-acre truck trailer storage yard in Nashville, Tennessee and a two-building truck terminal with a maintenance facility in Phoenix, Arizona.
TRIP鈥檚 portfolio of truck terminals, truck parking and high flow-through industrial assets now includes 17 assets, the companies said, adding that additional acquisition opportunities are actively being pursued by the joint venture.
Jeff Josephs, managing partner at BIP, said: 鈥淲e continue to engage with sellers of this product type throughout the country and are focused on the continued growth of the TRIP portfolio.鈥�
Tom Burton, senior managing director and CIO of ABR Capital Partners, said BIP has 鈥渄one a great job assembling a healthy portfolio and given the strong pipeline we anticipate the momentum will continue鈥�.
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