PASADENA, Calif. - ExchangeRight's sister company Telos Capital, a private equity real estate investment company that focuses on value-add real estate investments across all asset classes and sectors, has brought its TCF12 Columbus Industrial, LLC investment full cycle on behalf of its investors. The investment generated total returns of approximately 181% of originally invested equity and a net investor annual internal rate of return of 21.1% annualized, over 37% higher than its original base-case projections.
The portfolio invested in a cross-docked bulk warehouse property located in Columbus, Ohio that spans over 1 million square feet, representing favorable conditions for supply and demand in one of the largest industrial markets in the country. The industrial asset was acquired by Telos to generate stable monthly cash flow to investors and value-add upside potential due to the low basis and potential to strengthen the property’s tenancy. The property was leased to Costco during the COVID crisis, lengthening the lease term and improving the credit of the tenant to A+ (long-term), as rated by Standard & Poor’s.
"The successful full cycle event of TCF12 reflects our value creation strategy and our ability to generate strong returns for investors meeting or exceeding original projections regardless of market cycles," said Joshua Ungerecht, a managing partner of Telos and ExchangeRight. "We were able to partner with an experienced JV partner to identify this unique value-add opportunity in the market while also providing stable income to investors. We remain committed to protecting and growing the wealth of those who entrust us with their capital and are grateful for the investors, representatives, and advisors who chose to invest with our vertically integrated platform."
About Telos Capital
Telos Capital targets discounted, value-add, or opportunistic private real estate investments across all asset classes and sectors. The principals of Telos invest side-by-side with investors and are generally the largest investors in the company’s projects. Telos is affiliated with ExchangeRight, one of the nation’s largest 1031 DST sponsors. Please visit www.teloscapitalfunds.com for more information.
ExchangeRight pursues its passion to empower people to be secure, free, and generous by providing REIT, fund, and 1031 DST portfolios that target secure capital, stable income, and strategic exits. The company strategically acquires and manages long-term, net-leased assets backed primarily by investment-grade corporations that successfully operate essential businesses in the necessity-based retail and healthcare industries. Please visit www.exchangeright.com for more information.