Tempus Realty Partners Expands Portfolio with $42 Million Property Acquisitions in Arkansas

Tempus Realty Partners Concludes Major Acquisitions in Arkansas

Tempus Realty Partners, a prominent real estate investment firm based in Arkansas, has recently made headlines with its significant acquisitions totaling approximately $42.1 million. This strategic move involves the purchase of two prominent properties for their Tempus Evergreen Fund, reinforcing their position in the local real estate market.

Details of the Acquisitions

The two properties acquired span over five buildings and cover a total area of 336,242 square feet, situated on approximately 22.5 acres located in North Little Rock and Fayetteville, Arkansas. These acquisitions are particularly noteworthy as they include the corporate headquarters of Onterris, Inc., a publicly traded provider of environmental solutions. Onterris is currently fully leased under a long-term triple-net (NNN) lease, which will continue until December 2045. Additionally, the Fayetteville property serves as the headquarters campus for Kimbel Mechanical Systems, a national mechanical contractor, also fully leased with a long-term NNN lease extending through June 2038. Both properties include built-in annual rent escalations, providing a stable and growing income stream for the fund.

Strategy Behind the Acquisitions

Clay Ramey, a partner in capital markets at Tempus Realty, expressed enthusiasm about these acquisitions, noting that they signal a meaningful advancement for the Tempus Evergreen Fund and its investors. With these new additions, the fund's portfolio expands from 17 to 22 properties, elevating the net operating income to an impressive $22.8 million and extending the weighted average lease term to over 12 years. The value of the fund has now exceeded $330 million. This move reaffirms Tempus Realty Partners' expertise in identifying lucrative opportunities within the real estate market, particularly focusing on companies headquartered in Arkansas, underscoring the growth potential in this region.

Performance of Tempus Evergreen Fund

Since the inception of the Tempus Evergreen Fund in July 2022, the fund has achieved remarkable success, displaying an annualized return of 11.1% over its lifetime. The fund has also generated a multiple of invested capital of 1.44x, marking a significant milestone as Tempus Realty celebrates its 10th anniversary in 2026. This performance reinforces the firm's credibility and effectiveness in the commercial real estate sector and serves to attract further investment into the fund.

About Tempus Realty Partners

Founded in 2016, Tempus Realty Partners is dedicated to acquiring and developing commercial real estate, primarily within the Southern and Midwestern United States. The firm aims to deliver superior risk-adjusted returns by capitalizing on unique real estate opportunities and leveraging a robust network of partners in target cities. Since its establishment, Tempus Realty has successfully acquired properties exceeding $1.2 billion across 26 states, marking it as a formidable player in the real estate investment landscape.

In summary, Tempus Realty Partners' recent acquisitions highlight the firm's commitment to long-term growth and stability through strategic investments in prime commercial properties. Their focus on local Arkansas-based companies further solidifies their vision of continuous opportunity in their home market, ensuring ongoing benefits for investors and stakeholders alike.