Sold sign

Dalfen sells Stone Mountain Industrial Park in Georgia

Fri, 16/05/2014 - 16:34

Dalfen America Corp (DAC) has sold Stone Mountain Industrial Park, a multi-tenant industrial property located in Stone Mountain in Atlanta, Georgia to a local investor broker, who closed the deal in late Q1 2014.

In June 2011, DAC acquired the note from a well-known life insurance company and negotiated a deed-in-lieu of foreclosure with the borrower shortly thereafter.
 
Following the ownership transfer, DAC implemented its plan to reposition the park. The property was extensively renovated and all vacancies were brought to lease ready condition.
 
The property’s occupancy was increased from 40 per cent to 87 per cent.
 
The sale of the Stone Mountain Industrial Park is part of DAC’s ongoing strategy to monetize assets acquired through its Ashrei I opportunistic industrial fund.
 
Conversely, through its separate accounts, development arm and its current value added fund, DAC continues to add to its growing portfolio of class A industrial properties in select North American markets.


Subscribe to free daily newsletter
latestjobs
Quantitative Trading Strategist | Front Office

Sat, 20 Dec 2014 00:00:00 GMT

Entry Level Financial Software Developer

Sat, 20 Dec 2014 00:00:00 GMT

C#.NET Developer – Quantitative Risk, Fixed Income

Sat, 20 Dec 2014 00:00:00 GMT

events
3 weeks 1 day from now - New Orleans
4 weeks 3 days from now - Boston
4 weeks 3 days from now - New York
5 weeks 6 hours from now - New York
specialreports