You might have seen that Tempus Realty Partners of Little Rock recently bought three industrial properties in sale-leaseback deals for $50.9 million.
But did you know that its related entity, Tempus Charleston Knoxville Lafayette LLC, raised nearly $20 million in equity for the purchases, which are across three states, according to a U.S. Securities & Exchange Commission filing last month?
The filing said that the first sale happened on March 15, and 100 investors each put in at least $1,000.
The properties are in North Charleston, South Carolina; Knoxville, Tennessee; and Lafayette, Indiana.
The property in South Carolina was $8.88 million and 46,621 SF; the property in Tennessee was $22.01 million and 329,000 SF; and the building in Indiana was $20 million and 234,626 SF.
“Each of these properties supports critical operations for their respective tenants,” Tempus Realty Partners CEO Dan Andrews said in a news release last month.
“These sale-leaseback acquisitions represent a win-win, delivering a business solution for our tenants and a compelling investment opportunity for our investors.”
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