Realterm Completes Sale of its Realterm Logistics Fund II

1.19.2022

Annapolis, Md. (January 19, 2022) – Realterm announced today that it has sold all 22 properties in its Realterm Logistics Fund II (RLF II) portfolio, liquidating the fund in its entirety. Together this portfolio of 22 transportation advantaged high flow-through (HFT®) facilities consists of more than 1.8 million square feet of space and 778 doors on 200.4 acres.

"Transportation oriented properties with differentiated HFT characteristics facilitate the rapid and high-volume movement of goods through supply chains. These properties have gained importance with the growth of e-commerce, which demands increased speed and efficiency from manufacturers and retailers by consumers," said Bob Fordi, CEO, Realterm. "This 22-property portfolio optimizes e-commerce supply chains, and is concentrated in many of the most dynamic primary logistics markets in the U.S."

The national portfolio features properties in primary industrial markets across the country, including New York/New Jersey representing 52% of the portfolio by rent and Los Angeles representing more than 24% of the portfolio by rent. The portfolio is 100% leased to 29 national, regional, and local tenants within the transportation and logistics industries.

"Demand for HFT space has expanded significantly as logistics spending in the e-commerce sector has accelerated but speculative development has remained limited due to stringent zoning restrictions, limited and expensive land availability and competing uses," said Ed Brickley, Managing Director and Senior Fund Manager, Realterm. "As a result, rents for HFT space have grown considerably over the last several years, often at an order of magnitude greater than the already robust rent growth seen for traditional industrial space."

The portfolio includes:

HFT Property Type Number of Properties Square Feet
Truck Terminal/Transload 9 513,082
Final Mile Warehouse 8 1,219,909
Intermodal/Secure Parking 4 5,032
Fleet Operations 1 35,226

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Peter Lesburg

Managing Director
Capital Markets & Investor Relations

Phone: 443.321.3535
Email: plesburg@realterm.com

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Ed Brickley

Managing Director and Sr. Fund Manager

Phone: 443.321.3533
Email: ebrickley@realterm.com

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