EML Realty Partners Acquires Three Industrial PODS Warehouse Buildings
June 21, 2022
Based in Jupiter (Florida), EML Realty Partners along with joint venture partner, The Becker Organization (TBO) of Montclair, NJ, today announced the acquisition of three industrial warehouse buildings in Jacksonville, FL; St. Augustine, FL; and Daytona Beach, FL. The properties, totaling nearly $15 million and over 150,000 square feet, are all leased by PODS warehouses, being used as storage facilities. EML Realty Partners owns two other PODS warehouse facilities in Port St. Lucie and Melbourne with institutional equity partner and private REIT Arctrust, totaling five PODS warehouse buildings on the east coast of Florida with a combined square footage of over 200,000 square feet of industrial space.
“EML and The Becker Organization are proud to have closed on these three high value, off-market properties with PODS as our tenant,” said Eric Levitt, founder of EML Realty Partners. “We are continuing to scale our portfolio on the east coast of Florida with The Becker Organization, as we work to uncover valuable opportunities in this hot commercial real estate market.This is our fifth acquisition with The Becker Organization as a joint venture partner in South Florida over the last 12 months with combined property purchases in excess of 50 million dollars.”
EML Realty Partners specializes in the acquisition of opportunistic commercial real estate investments, with a diverse portfolio of industrial, flex, office, retail, and entertainment properties. Founded by Eric M. Levitt, EML Realty Partners specializes in creating value on these properties after they are acquired.
About EML Realty Partners
EML Realty Partners, LLC (“EML”) is a commercial real estate investment firm specializing in the acquisition of opportunistic commercial real estate investments. EML also selectively invests in commercial real estate partnerships by providing capital to projects in the form of debt and equity. The EML portfolio is a diverse mix of industrial, flex, office, retail, and entertainment properties providing above market returns for their partners. EML specializes in creating the value needed on properties after the initial acquisition. The EML portfolio has a high concentration of industrial properties on the east coast of South Florida, where the company is now based. The South Florida portfolio consists of more than 25 properties with a value of approximately $400 million. For more information, visit https://emlrealtypartners.com.
About The Becker Organization
Established in 2000, The Becker Organization is skilled in acquiring, developing, leasing, managing, and financing real estate investment and development properties. As part of the overall business strategy, The Becker Organization invests with a long-term mentality and has been successful over time in building a balanced and well diversified portfolio of properties including residential, office, retail, parking garage, storage facility, and land development properties. For more information, visit https://www.thebeckerorg.com.
Article by CityBiz
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