#United States #Goldman Sachs #Washington #JLL #Fundrise

JLL Secures $352.7M Financing for Fundrise National Industrial Portfolio

JLL's Capital Markets group has recently announced the successful arrangement of a significant financing package totaling $352.7 million for the Fundrise National Industrial Portfolio. This portfolio consists of 12 high-quality institutional industrial assets that span across an impressive 3.18 million square feet distributed among multiple high-growth markets throughout the United States.

The portfolio showcases properties strategically located in crucial logistics sectors, primarily in the Mid-Atlantic and Sunbelt regions. Each asset is designed to meet institutional quality standards, equipped with modern features such as LED lighting, ESFR sprinkler systems, and cross-dock configurations, with clear heights varying between 23 to 40 feet. These properties are currently leased to diverse tenants engaged in industries such as third-party logistics, distribution services, and technology, providing a stable and attractive income stream.

Brandon Jenkins, COO of Fundrise, expressed excitement about this financing arrangement, noting it enables the organization to further its long-term business strategy for the industrial portfolio. He reaffirmed, "We are excited to continue expanding our relationship with the team at Goldman Sachs and to begin a new one with TPG. This financing will enable us to advance our long-term business plan for the industrial portfolio, create value for our investors, and capitalize on the strong macro tailwinds in the industrial sector today."

The financing was secured with the support of two notable financial institutions, Goldman Sachs and TPG Real Estate Credit. JLL acted as the representative for the borrower, which includes affiliate funds of Fundrise, showcasing its robust capital solutions capabilities in today's competitive financial landscape.

According to Robert Carey, Managing Director at JLL's Debt Advisory team, this portfolio represents an exceptional investment opportunity. He stated, "This portfolio represents a compelling investment opportunity, offering both geographic diversification and strong income stability from a quality tenant roster. The strategic locations near major transportation networks, including international airports and key interstate corridors, position these assets to benefit from continued logistics demand."

The JLL Capital Markets group is recognized as a full-service global provider of capital solutions for real estate investors and occupiers. Leveraging in-depth knowledge of local markets and insights into global investment trends, JLL delivers top-tier solutions to its clients, whether in terms of investment sales, advisory, or recapitalization. With over 3,000 Capital Markets specialists operating across nearly 50 countries, JLL ensures its clients receive superior service tailored to their needs.

Over its rich history of more than 200 years, JLL (NYSE JLL) has evolved into a prominent global commercial real estate and investment management firm. It assists clients in navigating the complexities of real estate transactions, managing various commercial, industrial, hotel, residential, and retail properties. With annual revenue reaching $23.4 billion and operations spanning over 80 countries, JLL maintains a significant presence in the marketplace, continuously striving to reshape the future of real estate for a better world.

In summary, the Fundrise National Industrial Portfolio, backed by JLL’s substantial financing, not only signifies a robust investment opportunity but also highlights the growing demand for industrial spaces across the United States. With strong operational features and strategic positioning, it stands ready to capitalize on the evolving landscape of logistics and industrial real estate.

For further media inquiries, please contact Grace Lewis at JLL PR or visit JLL's newsroom for more updates and information about their ongoing projects.