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Highlights
New York-based private equity firm DRA Advisors acquired a portfolio of 32 industrial properties in the Chicagoland area for just over $200 million in a deal that closed in late February.
The seller, Rosemont-based Venture One Real Estate, spent three years, from 2022 to 2024, assembling the properties for a total of about $150 million. DRA Advisors financed the purchase with a $245 million loan from Wells Fargo.
The purchase signals growing confidence from institutional investors in the Chicagoland industrial market. The transaction continues the frequent deal partnership between DRA Advisors and Venture One, which included a 2023 joint venture to recapitalize $369 million worth of Chicagoland warehouses.