Timber Hill Group (Timber Hill), a private equity firm specializing in the acquisition and development of logistics related industrial real estate, in a joint venture with Chicago-based Champion Realty Advisors, recently launched its newest investment vehicle, TH Logistics Fund I.
“We are looking forward to executing our investment strategy, which includes the acquisition of stabilized, value-add and ground up construction projects in critical supply chain and major consumption zones, for the benefit of our investors,” said Timber Hill Managing Partner Cary Goldman.
TH Logistics Fund I focuses on the acquisition, development and repositioning of logistics-related supply-chain Industrial Service Facilities (ISFs) in established major metropolitan markets with high-volume transportation linkages for trucking, rail, shipping and air cargo. The JV plans to acquire $150 million in assets in the next 12 to 18 months. Industrial Services Facilities (ISFs) are mission-critical properties used to store, maintain or dispatch trucks, heavy equipment or bulk materials.
Added Champion CEO J. D. Salazar, “We felt the timing was right to capitalize on the growing need by retailers and other users who wish to provide one- and two-day delivery that today’s customers demand.”
Goldman and Salazar are veteran Chicago real estate executives and pioneers in the emerging ISF real estate niche.
Goldman, capitalizing on the rise of e-commerce and the increasing demand for last mile distribution, founded Timber Hill Group in 2018 following 16 years at Sitex Group, a company he co-founded in 2002. Today Timber Hill is a rapidly growing company with a portfolio valued in excess of $100 million across the U.S.
J. D. Salazar founded Champion Realty Advisors, LLC, in 1997 and grew it into one of the most successful 100% Hispanic owned commercial real estate brokerage companies in the U.S. As managing principal, J.D. provides leadership and capital that allowed the company to expand its influence beyond the Midwest.