PPM America Provides $236M Acquisition Debt for 20-Property Industrial Deal

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A joint venture between SparrowHawk and Almanac Realty Investors has secured $236 million in acquisition debt from PPM America to acquire a 20-property, 4.4 million-square-foot U.S. industrial portfolio previously owned by EQT for close to $400 million.

A joint venture between SparrowHawk and Almanac Realty Investors has secured $236 million in acquisition debt to buy a 4.4 million-square-foot, 20-property U.S. industrial portfolio, according to a release.   Fidelity Investments reported earlier that the joint venture purchased the portfolio from EQT for just under $400 million.  PPM America provided the $236 million debt, structured […]