Silicon Valley Investment Firm Purchases 460K SF Industrial Portfolio In Northwest Houston
A Silicon Valley firm is back snatching up industrial properties by completing its fifth national deal since 2017.
Wilson Investment Properties acquired a 460K SF portfolio of 19 buildings in six industrial parks in Northwest Houston with 103 tenants in industries such as manufacturing, fabrications and local service businesses.
The acquisition was funded by a group of individual investors seeking to purchase a large commercial portfolio with occupancy increase potential, attractive yields and immediate cash flow distributions, according to a news release.
Due to lower supply from damaged inventory from Hurricane Harvey, increased construction and the growth of e-commerce, industrial assets have been in higher demand. The portfolio fared well during the historic flooding.
"These offerings allow our investors, many of whom are in the technology field, to diversify their investments outside of stocks and Wall Street," Wilson Investment Properties principal Tom Wilson said in a release. "Many of our clients love that they can invest in an institutional grade product for as little as $50K by utilizing the expertise of an experienced syndicator."