JLL Secures $352.7M Financing for Fundrise Industrial Portfolio

JLL has secured a $352.7 million financing package for Fundrise's National Industrial Portfolio, which consists of 12 industrial properties spanning 3.18 million square feet in the Mid-Atlantic and Sunbelt regions. Occupied by tenants from logistics, distribution, and technology sectors, the properties have modern features and strategic locations. Goldman Sachs and TPG Real Estate Credit provided the financing, which will aid Fundrise in advancing its business objectives.

JLL has successfully arranged a $352.7 million financing package for Fundrise's National Industrial Portfolio, a collection of 12 high-quality industrial buildings totaling approximately 3.18 million square feet. The properties are strategically located across key logistics corridors in the Mid-Atlantic and Sunbelt regions, offering both geographic diversification and strong income stability [1].

The portfolio, which showcases modern features such as LED lighting, ESFR sprinkler systems, cross-dock configurations, and clear heights ranging from 23 feet to 40 feet, is currently leased to tenants representing a variety of industries including third-party logistics, distribution services, and technology [1].

The financing was secured from Goldman Sachs and TPG Real Estate Credit, with JLL representing the borrower, affiliate funds of Fundrise. This deal is part of Fundrise's long-term business plan to create value for its investors and capitalize on the strong macro tailwinds in the industrial sector [1].

Brandon Jenkins, COO of Fundrise, expressed excitement about the financing, stating, "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" [1].

JLL's Debt Advisory team, led by Managing Director Robert Carey, Senior Managing Director Carl Beardsley, Senior Director Jason Carlos, and Associates Gus Caiola and Patrick Wu, played a crucial role in securing the financing. Carey commented, "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" [1].

This transaction highlights JLL's expertise in arranging financing for real estate investments and underscores the growing demand for industrial properties in high-growth markets. For more information, visit JLL's newsroom.

References:
[1] https://www.prnewswire.com/news-releases/jll-arranges-352-7m-financing-for-fundrise-national-industrial-portfolio-302530690.html
[2] https://www.marketscreener.com/news/jll-arranges-352-7m-financing-for-fundrise-national-industrial-portfolio-ce7c51d9de81fe24