Industrial Property Trust Acquires $13M DC-Area Asset

May 23, 2017

Industrial Property Trust Acquires $13M DC-Area Asset

May 18, 2017 | by Evelina Croitoru | Commercial Property Executive

An affiliate of Industrial Property Trust Inc. acquired a 98,653-square-foot warehouse property in Lanham, Md. for $13.1 million from Perseus Realty. The property most recently served as the headquarters of Kane Co.’s Office Movers Inc., a commercial moving company that filed for bankruptcy nearly five months ago. Transwestern brokered the disposition on behalf of Perseus. 

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Gregory De Jong, CFP, Co-Founder of Paragon Advisors, LLC.
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Blue Vault is just what advisors need to size up the different offerings in the nontraded REIT market. Just as importantly, it’s what the industry needs to encourage best practices among REITs.