Montreal, PQ (PRWEB) October 22, 2009
Dalfen America Corp. (DAC), a leading private equity real estate firm that owns and operates millions of square feet of commercial property, in the United States and Canada, is looking to acquire $500 million of stabilized and value-add industrial assets over the next 12 months. The firm will look both to expand its presence in current markets (Texas, Florida and Canada) along with selectively pushing into new metropolitan areas throughout the United States.
"We feel that the present market offers an opportunity to buy strong, institutional-quality assets that generate consistent in-place income at prices that are well below replacement cost," said Sean Dalfen, DAC Managing Director. "We're also starting to see value-add properties that can be turned around with our local expertise," Dalfen said.
Dalfen will draw upon its extensive operating history and network of relationships to evaluate investment opportunities. The company will focus on flex, distribution, and credit tenant leased spaces in major growth markets. Acquisitions efforts will be focused on buildings of at least 50,000 square feet in size.
DAC has bid on a number of industrial portfolios that have come to market this quarter and expects to ramp up its acquisition focus significantly in the coming months.
This will be the organization's fifteenth investment fund. Acquisitions will be sourced through the company's head office in Montreal along with regional offices in Dallas, Tampa and Charlotte. Brokers or property owners looking for more details on the firm can visit the company website, http://www.dalfen.ca, for additional information.
Dalfen America Corp. entered the commercial real estate business in 1992. Today, the company has a large portfolio of Core commercial properties that stretches from two Canadian provinces to the American south. The portfolio includes a mix of office, industrial and warehouse flex, retail and self-storage properties