ASB agreed to execute the transaction on behalf of its Allegiance Fund, a $7.four billion main real estate expense auto. The sale is focused to close during the next quarter of 2018. ASB Real Estate Investments was encouraged by DH Funds, as its unique money advisor, and DLA Piper LLP, as legal advisor on the transaction.
An early institutional trader in info middle attributes, ASB ordered Infomart Dallas in 2005, increasing its ability to one hundred ten carriers with significant tenants that incorporate Equinix, Bank of The usa and Verizon.
Robert Bellinger, ASB Real Estate Investments’ President and CEO, said: “ASB has benefited from major benefit development in excess of the phrase of our expense, and we noticed the prospect to comprehend gains for our buyers, while rebalancing our diversified real estate portfolio in line with allocation targets. The structured payout of Infomart Dallas makes it possible for for an orderly redeployment of funds, maintains a stake in info middle investments for at the very least 3 a long time, and aligns us with Equinix, the main field operator.”
About ASB Real Estate Investments
ASB Real Estate Investments (ASB), a division of ASB Funds Administration, LLC, is a main U.S. real estate expense management company with $7.7 billion* in gross property below management for in excess of 340 institutional customers. Headquartered in Washington DC, ASB invests in significant city marketplaces across the nation, concentrating in place of work, multifamily, retail and industrial attributes. ASB manages the ASB Allegiance Real Estate Fund, its sole auto for main investing the ASB Meridian Real Estate Funds, a sequence of reduced-leverage benefit development motor vehicles and a growth independent account. For additional details about the business, pay a visit to www.asbrealestate.com.
*As of twelve/31/17
The details offered in the launch does not constitute an present to sell or acquire securities or the solicitation of an present to sell or acquire securities.
For ASB Real Estate Investments
Mary Beth Ryan, Miller Ryan LLC
Cell phone: (203) 268-0158
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