Guggenheim Investments has committed $600 million to a new
fund with private equity partner ElmTree Funds focused on investing in
industrial e-commerce assets throughout the United States.
As part of the transaction, ElmTree, which specializes in
acquiring build-to-suit properties net leased to investment grade tenants, will
invest in industrial real estate assets tied to the e-commerce, last-mile, and
logistics sectors.
These assets are in high demand as more corporations aim to
efficiently build out supply chains to incorporate faster delivery times as a
result of consumer demand.
“We are thrilled to match our expertise in the
industrial real estate sector with a quality investment partner like
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KNOXVILLE, Tenn., Jan. 25, 2021 /PRNewswire/ PetSafe® brand, a global leader in pet product solutions, is extending its popular ScoopFree® Self-Cleaning Litter Box line with the addition of the ScoopFree® Smart Self-Cleaning Litter Box. With the new ScoopFree® Smart Self-Cleaning Litter Box, pet parents can easily monitor their cat s health from anywhere using the My PetSafe® app on their smartphone.
Within the My PetSafe® app, pet parents can specify the number of cats they have, adjust cleaning cycles and activate the rake even when their cat isn’t using the litter box. Cat owners can also customize their settings to receive advance reminders to change or order more litter trays.
Institutional Investor has learned.
ElmTree focuses on acquiring build-to-suit properties that are net leased to investment grade tenants, meaning that the tenants pay some of the taxes, insurance, and other operating costs. ElmTree will invest in industrial real estate that is tied to the so-called last mile of the e-commerce transaction pipeline, or the delivery of products to consumers from a central site.
Unlike commercial real estate overall, these sectors have been in high demand as consumers have shifted to online shopping during the pandemic and as companies needed to rework their global networks of suppliers to deliver products faster.
Snowboarder dies at Grand Targhee Resort
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Jay Jurgens, 47, of Florida, left, died last Saturday while snowboarding at Grand Targhee Resort. He was visiting family in Teton Valley with his wife and two children.
DRIGGS A Florida man vacationing at the Grand Targhee Resort was found dead Saturday.
Jay Jurgens, 47, of Coral Springs was found unresponsive at about 2:30 p.m. in the East Woods area of the Teton County, Wyoming ski resort.
Jurgens, his wife Maria and two children had just spent the Christmas holiday in the valley skiing at Targhee almost every day, family friend Jennifer Marlar of Driggs said.