GI in $200m industrial push

GI Partners has teamed up with Boston-based STAG Capital to acquire up to $200m of industrial real estate across the US.


Transatlantic private equity and real estate firm GI Partners is planning to invest up to $200 million in US industrial real estate alongside Boston-based industrial real estate firm STAG Capital.

The pair said in a statement they would target single-tenanted assets throughout the US, capitalising on STAG’s background of investing in industrial assets in close proximity of secondary markets with a value of between $5 million and $20 million.

STAG “actively acquires single-tenant, net leased properties via third party transactions and corporate sale and leasebacks”, according to the statement. Since 2003, the firm has invested more than $1.2 billion in more than 200 properties.

GI Partners specialises in investing in asset-backed business and has deployed capital into numerous sectors including healthcare, leisure, financial services and IT infrastructure. In January GI reportedly invested more than €100 million into Elystan Capital Advisors, a Munich-based company specialising in mortgage-backed securities and mortgage banking.

The firm, which currently manages $4 billion of capital, closed its latest investment fund, GI Partners Fund III on $1.9 billion last October.