St. Louis-based ElmTree Funds, an industrial net-lease real estate private equity firm, closed out 2023 with significant investment momentum, transacting 33 properties across 17 states held in the various investment vehicles of the firm’s nationwide portfolio.
“Our consistent investment philosophy of making strategic acquisitions in mission-critical, build-to-suit industrial net-lease assets has allowed ElmTree to transact and complete deals in today’s extremely tight and competitive market,” said ElmTree chief executive officer and founder James Koman. “ElmTree remained active in the marketplace, continuing to make tactical investment decisions aligned with our investment criteria, which we believe will procure attractive returns for our partners and investors.”
ElmTree’s 33 transactions in 2023 represent 9.6 million square feet, consisting primarily of Class-A industrial space. These transactions exhibit resilient fundamentals, including growing labor forces, strong demographics, and strategic access to major U.S. distribution arteries — critical factors for tenants’ business operations to remain competitive in today’s marketplace.
The properties are located in what ElmTree believes are desirable industrial markets across the U.S., including Alabama, California, Florida, Indiana, Louisiana, Maryland, Michigan, Missouri, Mississippi, North Carolina, Ohio, Oregon, South Carolina, Texas, Virginia, Washington, and Wisconsin.
“We are laser focused on net-lease industrial properties, including logistics and fulfillment facilities. These properties are the backbone of our economy and are essential to the operations of Fortune 100 companies across the country,” stated Koman.
