Tempus Realty Partners Finalizes $20.3 Million Sale of Industrial Portfolio Well Above Expectations

Tempus Realty Partners Celebrates Successful Industrial Portfolio Sale

Tempus Realty Partners, a leading real estate investment firm based in Arkansas, has announced the successful conclusion of a significant industrial investment portfolio sale. This accomplishment, which involved two properties, culminated in total sales reaching an impressive $20.3 million.

The portfolio in question comprises two leaseback properties, covering 191,678 square feet across 23.05 acres located in the strategic metro Detroit area. Both properties have been leased to American Expedition Vehicles (AEV), a recognized name in the off-road vehicle sector, ensuring a reliable income stream for the investors.

Dan Andrews, CEO of Tempus Realty Partners, expressed pride in achieving this milestone, emphasizing that the successful exit exceeded initial projections. He stated, "We are proud to celebrate the successful disposition of this industrial portfolio, which not only outperformed our financial expectations but did so in the face of notable industry headwinds." This sale exemplifies how quality properties can deliver solid returns even amid challenging market conditions, particularly rising interest rates.

The journey of this portfolio began with the first property being sold in September 2022 for $14.4 million to Tempus Evergreen, a private real estate fund. The successful completion of this sale represents the tenth investment offering finalization for Tempus, showcasing its steady growth trajectory since the firm's inception in 2016.

Tempus Realty Partners has strategically positioned itself as an investor-centric real estate entity dedicated to the acquisition and development of commercial real estate, focusing primarily on the South and Midwest regions of the United States. Their unique strategy revolves around identifying exceptional investment opportunities aimed at generating superior risk-adjusted returns. Since its formation, Tempus has expanded its portfolio significantly, totaling over $1 billion in property acquisitions across 25 states.

This latest sale solidifies Tempus Realty’s reputation in the real estate domain as a potent contender capable of navigating an unpredictable market landscape. The success of this industrial portfolio sale not only underscores the firm’s strategic approach in selecting high-quality assets but also hints at a robust future as market conditions evolve.

In conclusion, Tempus Realty Partners continues to demonstrate its proficiency in the real estate investment arena, with the recent sale of this industrial portfolio standing as a testament to its commitment to delivering value to its partners and investors.

About Tempus Realty Partners

Tempus Realty Partners is a dynamic real estate investment partnership focused on securing and developing commercial real estate opportunities primarily within the South and Midwest. Their extensive network of partners allows them to explore targeted cities, fostering a pathway towards sustained investment success.