Wilson Investment Properties Acquires Six Houston, Texas, Industrial Parks
According to company officials, the portfolio is leased to a diversified set of 103 tenants, including manufacturing, fabrication, and many local service businesses. It fared exceptionally well during Hurricane Harvey, and industrial assets have been in higher demand due to lower supply from damaged inventory, increased construction, and the growth of e-commerce.
“The strategic purchase was made through a syndication of individual investors, pooling capital to purchase a large commercial portfolio with occupancy increase potential, attractive yields, and immediate cash flow distributions,” officials explained.
"These offerings allow our investors, many of whom are in the technology field, to diversify their investments outside of stocks and Wall Street," said Tom K. Wilson, Principal of Wilson Investment Properties. He added "Many of our clients love that they can invest in an institutional grade product for as little as $50,000 by utilizing the expertise of an experienced syndicator."
Wilson Investment Properties said it has been bullish on the industrial asset class during this point in the market cycle, and the Northwest Houston Industrial portfolio is the company's fifth industrial acquisition since 2017.
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