"We are focused on finding investments in Atlanta and other markets, that meet our “Portfolio by Design” criteria and that are accretive to SSEP’s cash flow and returns,” said Scott P. Sealy, Sr
Dallas, TX (PRWEB) May 22, 2013
Sealy Strategic Equity Partners, LP(”SSEP”), a private placement offering with holdings of approximately 2.85 million square feet of commercial space at a value of $140 million, has acquired an additional industrial asset in the Atlanta metro area.
The acquisition added 88,215 square feet of industrial space to SSEP’s growing portfolio. SSEP purchased the building from a local investor for an undisclosed amount. The property is a single-tenant building leased to a national credit tenant in the Alpharetta submarket and is a strategic addition to SSEP’s “Portfolio By Design” concept.
SSEP’s mission is value-investing, focused on stable, growing cash flow and equity appreciation through a diversified industrial real estate portfolio.
“Atlanta has historically been one of our key markets for value-add investing in the industrial sector. We are focused on finding investments in Atlanta and other markets, that meet our “Portfolio by Design” criteria and that are accretive to SSEP’s cash flow and returns,” said Scott P. Sealy, Sr, Chairman of Sealy & Company, the Sponsor of SSEP.
It is expected SSEP will make additional investments, primarily in industrial properties but occasionally may invest in office and retail properties, that share certain opportunistic and value appreciation characteristics. New investments are being sought in strategic markets throughout the southeastern, south-central and southwestern United States. Such investments may be purchased outright or assimilated into SSEP through an exchange of seller’s equity for limited
partnership units. For further information contact: Sealy & Company, Michael P. Sealy;
Tel: 214.239.5105; MichaelS(at)Sealynet(dot)com; http://www.sealynet.com
About Sealy & Company
Sealy & Company is a fully-integrated commercial real estate investment and operating company. Sealy is a recognized leader in acquiring, developing, and redeveloping regional distribution warehouse, industrial/flex, and other industrial properties located primarily in the southeastern, south-central, and southwestern United States. Sealy has in-house capabilities that include investment, development, asset management, property management, marketing, leasing, and brokerage services. Sealy & Company has an exceptional team of approximately 100 employees, located in eight offices, with corporate offices in Dallas, TX and Shreveport, LA. Website: http://www.sealynet.com