{"id":5127,"date":"2022-02-02T16:40:51","date_gmt":"2022-02-02T22:40:51","guid":{"rendered":"https:\/\/1reason.com\/re\/taurus-recapitalizes-national-last-mile-logistics-portfolio\/5127\/"},"modified":"2022-02-03T10:40:51","modified_gmt":"2022-02-03T16:40:51","slug":"taurus-recapitalizes-national-last-mile-logistics-portfolio","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/taurus-recapitalizes-national-last-mile-logistics-portfolio\/5127\/","title":{"rendered":"Taurus Recapitalizes National Last Mile Logistics Portfolio"},"content":{"rendered":"
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\u201cWe have a coveted portfolio in several of the most sought-after markets,\u201d said Peter A. Merrigan, CEO of Taurus Investment Holdings. \u201cThe industrial sector continues to prove its resiliency and now is the time to seek long-term capital for these highly opportunistic acquisitions which were made in 2020. We\u2019ll continue to make concentrated investments in core markets to create value for investors and to support the surging e-commerce demand across the country.\u201d<\/p>\n

Located in top performing infill submarkets, the Portfolio is comprised of high-quality assets with 109 tenants spread across 58 buildings and is currently 95% occupied. Notable tenants include Pactiv, Star Pipe Products, Overture, Mauser, Astronics Corporation, among others.<\/p>\n

Since 2014, Taurus has been acquiring class B infill industrial assets with a particular emphasis on buying properties within major industrial markets, below replacement cost and with close proximity to major transportation arteries.Taurus\u2019 US industrial portfolio continues to grow and currently includes 207 buildings, totaling over 13.4 million square feet.<\/p>\n

\u201cThis Portfolio was carefully assembledwith high quality assets and saw tremendous growth during our ownership. The recapitalization offers a strong exit for our existing investors and further upside for the new partnership as last mile e-commerce continues to accelerate,\u201d said Lathan Allen, Managing Director at Taurus. \u201cWe continue to see demand outpace supply in many of these submarkets and remain focused on further growth of our logistics portfolio.\u201d<\/p>\n

Reporters\/Editors please see links below for Headshots and the Property:<\/strong>
https:\/\/www.dropbox.com\/s\/kjofwuktefskmnv\/Peter%20A%20Merrigan.jpg?dl=0<\/strong><\/a>
https:\/\/www.dropbox.com\/s\/b7cx1pwgm7u2vpt\/lathan%20allen.JPG?dl=0<\/strong><\/a><\/p>\n

MEDIA CONTACT<\/u><\/strong>
taurus@fischtankpr.com<\/a>
FischTank PR<\/p>\n<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

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58 building industrial portfolio concentrated among the largest and most established US markets<\/p>\n

BOSTON, Jan. 18, 2022 (GLOBE NEWSWIRE) — Taurus Investment Holdings, LLC, a global private equity real estate firm operating for over 40 years with experience in multifamily, office, logistics, mixed-use and renewable energy sectors, is pleased to announce today it has completed a $423.5M recapitalization of a 58 building industrial portfolio totaling 3,962,339 feet across several of the nation\u2019s largest and strongest industrial markets including Chicago, Atlanta, Philadelphia, New Jersey, Dallas and Houston.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/5127"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=5127"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/5127\/revisions"}],"predecessor-version":[{"id":5141,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/5127\/revisions\/5141"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=5127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=5127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=5127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}