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Summit Launches Industrial Development Fund

Summit Real Estate Group is pleased to announce the launch of Arrowrock US Industrial Fund IV, LP. The private equity real estate fund will focus on ground-up industrial development and follows Summit’s successful exit of Arrowrock Income & Growth Fund III, LP.

Arrowrock US Industrial Fund IV’s investment strategy is to develop speculative, multi-tenant industrial assets in high-growth markets across the U.S. Southeast and Texas with an opportunity to generate superior risk-adjusted returns. The strategy is driven by Summit’s belief that supply and demand in the industrial asset category are unbalanced due, in part, to a resurgence in US manufacturing, supply chain safety stock needs, and increased e-commerce adoption.

The focus of Fund IV will be the development of buildings typically ranging in size from 200,000 to 400,000 square feet that incorporate features required by todays tenants including high dock count, trailer and outdoor storage, and enhanced electric service. Summit’s projects will range from $20 million to $100 million in total capitalization with those projects at the higher end of this range likely representing multi-building, multi-phase “industrial parks”.

An active industrial developer in the U.S. Southeast for years, Summit has assembled a significant seed portfolio and pipeline for Fund IV that includes projects in seven markets and represents 3 million square feet. The seed portfolio currently includes Gateway 29 in Greenville-Spartanburg, SC and Troup Logistics Center in LaGrange, GA. The pipeline portfolio (under contract and LOI) currently features projects in Raleigh (NC), Orlando (FL), Tampa (FL), Plant City (FL), and Columbia (SC).

For more information about Arrowrock US Industrial Fund IV, LP please contact Matt Lederman.