MDH Partners closed $107 million in financing from U.S. Bank. The Dune Loan supports nearly 2.2 million square feet of MDH’s recent acquisitions across Las Vegas; Miami; Atlanta; Jacksonville, Florida; Louisville, Kentucky; Cincinnati, Ohio; and Columbus, Ohio. Director, Debt Capital Markets at MDH, Matthew Ludwig, led the deal.
JLL’s Chris Drew sourced the financing.
The Dune Loan is a three-year loan with two, 12-month extension options supporting MDH’s acquisition of:
- 7601 Riviera Boulevard in Miami
- 10501 Cold Storage Road in Jacksonville, Florida
- 780 Hartman Road in Atlanta
- 167 International Boulevard in Louisville, Kentucky
- 2775 Ted Bushelman Boulevard in Cincinnati, Ohio
- 9750 Innovation Campus Way in Columbus, Ohio
- 9925 John J. Lee Ave in Las Vegas
These assets were acquired in October 2025 and are fully occupied by single tenants operating across the pharmaceutical, aerospace, food and beverage and household products industries.
The U.S. Bank loan closing follows the closing of MDH’s Canyon loan, equaling $111.5 million in financing from Truist and supporting nearly 800,000 square feet of recent acquisitions. MDH is currently investing its Fund III, a $1.2 billion discretionary fund, and has closed more than $1.3 billion in assets since the beginning of 2024. The firm has another $175 million of properties under control or recently closed that have yet to be financed.
MDH continues to actively pursue industrial investment opportunities across all risk profiles. The firm currently owns or manages approximately 35 million square feet across 33 markets in 18 states.
