Principal Asset Management buys 5 Denver Properties for $153M as part of portfolio sale including assets in Houston and New Jersey

An asset management company purchased a three-state, 10-property portfolio. Five of the properties were industrial assets in Denver that sold for $153 million.

Principal Asset Management acquired four other properties in Houston and one in New Jersey. The Denver Business Journal reports the company paid $153 million for the five Denver industrial assets. The parks are 97% occupied.

Principal Asset Management
Kyle Elfers | Managing Director, Portfolio Management
Principal Asset Management
Darren Kleis | Managing Director, Portfolio Management, U.S. Core Private Equity

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