Stonemont Expands Holdings with Acquisition of High-Quality 38-Building Industrial Property Portfolio

Source Summary

ATLANTA--(BUSINESS WIRE)--Stonemont, an Atlanta-based private real estate investment firm focused on developing, acquiring, and managing assets in high-growth markets across the country, today announced that it has acquired a 38-building portfolio of attractive industrial assets (the “Transaction”). Stonemont’s industrial platform completed the approximately $1 billion Transaction with its long-term capital partner, PCCP. The newly acquired portfolio, which is 95% leased, encompasses 5.9 millio