Brennan Investment Group Completes The Acquisition Of A $155 Million 20 Property National Industrial Portfolio With Gatehouse Bank plc

CHICAGO, July 16, 2012 /PRNewswire/ -- Brennan Investment Group, LLC, a private real estate investment firm that acquires and operates industrial properties on a national basis, announced its acquisition of a $155 million, 20 property national industrial portfolio in a joint venture with Gatehouse Bank plc, a wholesale Shariah compliant bank based in London.  The portfolio is located across 12 states covering each geographic region of the country and is 100% leased to 12 tenants covering a diverse range of industries with a weighted-average remaining lease term of 14 years.  Shariah-compliant financing for the acquisition was provided by The Royal Bank of Scotland plc through a five-year, fixed rate CMBS execution.

Michael Brennan, Chairman and Managing Principal of the Brennan Investment Group stated, "Over the past year and a half, U.S. industrial markets have demonstrated remarkable strength, with nearly every major market posting positive absorption and rising occupancies. The acquisition of 20 critical use facilities, amidst resurgent tenant demand, provides our investment a high degree of predictability both now and in the future."

"We are pleased to complete this major acquisition with Brennan Investment Group," said Fahed Boodai, Chairman of the Board of Directors at Gatehouse Bank.  "Gatehouse seeks to partner with best-in-class operators such as Brennan with demonstrated expertise in specific real estate sectors.  This venture will capitalize on Brennan's expertise in U.S. industrial real estate to generate compelling risk-adjusted investment returns."

"This acquisition is illustrative of Brennan Investment Group's ability to acquire functional, stabilized, mission-critical industrial assets in major metropolitan markets across the United States," said Robert G. Vanecko, Managing Principal and Co-Founder of Brennan Investment Group.  "Brennan Investment Group is now actively pursuing many individual properties and portfolios in the Los Angeles, Texas, Central Florida, Washington D.C., and Midwestern industrial markets."

Bret Hardy and Greg Cizik of Colliers International represented the seller in the transaction. The seller was an affiliate of AIC Ventures.  Arch Street Capital Advisors, a full-service real estate investment advisory firm, assisted Gatehouse Bank in this transaction. 

About Brennan Investment Group
Brennan Investment Group, LLC, a Chicago-based private real estate investment firm, acquires, develops, and operates industrial properties in select major metropolitan markets throughout the United States.  Brennan Investment Group, LLC co-invests with private and institutional capital to achieve outstanding risk adjusted returns. The firm's management team is among the most accomplished in its industry, having invested in over 4,000 properties covering more than 60 cities throughout the United States, Canada, and Europe.  For more information, go to www.brennaninvestmentgroup.com

About Gatehouse Bank
Gatehouse Bank operates as a Shariah-compliant wholesale investment bank based in the City of London focusing on: Real Estate, Wealth Management, Treasury products and services and Shariah advisory services. For more information please visit our website www.gatehousebank.com 

About Arch Street Capital Advisors
Arch Street Capital Advisors, L.L.C. is a full service real estate investment advisory firm. Arch Street specializes in assisting international investors with their U.S. real estate strategies including acquisition and joint venture advisory, financing advisory and asset management and disposition services. Since 2003, Arch Street has advised clients on more than $4 billion of acquisitions, dispositions and financings. Currently Arch Street manages a diverse portfolio of investments on behalf of its clients in the industrial, office, multifamily, health care and residential condominium development sectors of the U.S. real estate market. For more information please visit www.archstreetcapital.com

Brennan Investment Group, LLC
2340 River Rd
Suite 310
Des Plaines, IL 60018

Tel +1 847-257-8800
Fax +1 847-257-8888
brennaninvestmentgroup.com

SOURCE Brennan Investment Group