Arkansas-based Tempus Realty Partners has expanded its portfolio by acquiring a 94,871 square foot industrial property in Elkton, Maryland, marking a significant milestone as their investments top $1 billion.
In an exciting development in the realm of real estate investment, Arkansas-based Tempus Realty Partners has recently announced the acquisition of a substantial industrial property in Elkton, Maryland. The property, valued at $7.6 million, is a significant addition to Tempus’ portfolio, marking a milestone as the company’s total investments surpass the $1 billion threshold.
Tempus Realty Partners, since its establishment in 2016, has been at the forefront of targeting high-potential commercial real estate opportunities predominantly in the South and Midwest regions of the United States. The firm’s strategy focuses on creating superior risk-adjusted returns through unique real estate investments, alongside a robust network of partners across 25 states.
The latest acquisition encompasses a 94,871 square foot industrial facility currently occupied by Micropore, a company known for its advanced manufacturing processes. Micropore specializes in packing fine powder chemistries into solid absorbent cartridges, crucial for carbon dioxide absorption in various rebreathing and life support systems. These systems are extensively used across commercial, medical, and military applications globally, underscoring the strategic importance of this acquisition.
Dan Andrews, CEO of Tempus Realty Partners, expressed his pride in this achievement, emphasizing the significance of this acquisition in achieving the $1 billion milestone in total investments. He remarked on the company’s ongoing commitment to delivering exceptional value to investors, highlighting the strategic importance of investing in the industrial sector, particularly in middle market manufacturing companies.
This purchase, executed as a sale-leaseback, ensures that Micropore will continue its operations within the state-of-the-art facility, enabling both stability for the tenant and a reliable investment return for Tempus. Sale-leaseback agreements such as this are pivotal for companies looking to free up capital while maintaining operations in their existing premises.
The choice of Elkton, MD, for this investment further highlights the strategic positioning of Tempus Realty Partners, aligning with their commitment to investing in geographical areas that are poised for growth and offer potential for high returns. The thriving industrial sector in such regions presents lucrative opportunities for real estate investors.
Tempus Realty Partners’ achievement in crossing the $1 billion investment mark not only underscores the firm’s growth trajectory but also reinforces its position in the highly competitive real estate investment landscape. As the firm continues to expand its portfolio, it remains dedicated to identifying and capitalizing on real estate opportunities that promise substantial benefit to both its investors and tenants, ensuring sustained growth and success in its future endeavors.