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01/10/2024  |  News

鶹ֱ Announces Formation of Atlas Properties Platform to Invest in Industrial Real Estate

Real Estate Investment Platform Builds Upon Atlas’ Multi-Decade Track Record Investing in Industrial, Manufacturing and Distribution Businesses

GREENWICH, Conn.–()–鶹ֱ LLC (“Atlas”) today announced the formation of Atlas Properties, a real estate investment vehicle established with a consortium of best-in-class, long term-oriented investors. Concurrent with its formation on December 21, 2023, Atlas Properties purchased a diverse portfolio of 23 mission-critical industrial properties located throughout the United States for total consideration of $300 million. Investors in Atlas Properties have committed over $500 million of additional equity capital, which in combination with market debt financing will support over $1 billion of future growth opportunities. Atlas Properties will invest in industrial real estate in Atlas’ core sectors, leveraging Atlas’ deep industrial network and decades of experience operating industrial businesses.

“Over the last two decades, Atlas has built extensive knowledge of industrial real estate through our businesses that commonly have significant real estate footprints. The formation of Atlas Properties is a natural progression of our investment strategy and fully consistent with our longstanding practice of investing in areas where our sector expertise and operating experience give us a competitive edge,” said Tim Fazio, Atlas Co-Founder and Managing Partner.

“A hallmark of Atlas is creating new pathways and novel strategies for sustained value creation, and that continues with this new venture. Atlas Properties is another extension of the Atlas platform and positions us to continue to deliver for our investment partners,” Fazio added.

“Historically, Atlas portfolio companies monetized real estate assets in the sale-leaseback market via one-off transactions. Through the creation of Atlas Properties, we will leverage our knowledge of industrial credits, property types and underlying mission criticality of real estate owned by companies in key Atlas industry sectors,” said Greg Blake, Atlas Principal.

Mr. Blake joined Atlas in 2021 to help develop the firm’s value creation strategies through the large and growing real estate portfolio owned by Atlas entities. Atlas has been investing across the industrial sector for more than two decades and currently manages a portfolio of 27 industrial, manufacturing and distribution businesses.

Proskauer Rose LLP served as legal adviser to Atlas for Atlas Properties.

About 鶹ֱ

Headquartered in Greenwich, Connecticut and founded in 2002, Atlas and its affiliates own and operate 27 companies, which employ more than 50,000 associates across 300 facilities worldwide. Atlas operates in sectors such as automotive, building materials, capital equipment, construction services, food manufacturing and distribution, metals processing, packaging, paper, power generation, printing, pulp, supply chain management and wood products. Atlas’ companies together generate approximately $16 billion in revenues annually.