Greenwich-based Atlas Holdings LLC, a private investment and equity firm, has launched Atlas Properties, a real estate investment vehicle established with a consortium of long term-oriented investors.
According to the company, Atlas Properties purchased a portfolio of 23 U.S. industrial properties for $300 million. Investors in Atlas Properties have committed over $500 million of additional equity capital, which in combination with market debt financing will support over $1 billion of future growth opportunities.
Atlas Properties will invest in industrial real estate in Atlas’ core sectors, leveraging Atlas’ deep industrial network and decades of experience operating industrial businesses.
“Over the last two decades, Atlas has built extensive knowledge of industrial real estate through our businesses that commonly have significant real estate footprints,” said Tim Fazio, co-founder and managing partner at Atlas Holdings. “The formation of Atlas Properties is a natural progression of our investment strategy and fully consistent with our longstanding practice of investing in areas where our sector expertise and operating experience give us a competitive edge.”