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NEW YORK, Feb. 25, 2021 /PRNewswire/ Natixis originated a $69.5 million floating-rate loan in a joint venture between Camber Real Estate Partners and a global insurance company on the Crossings Light Industrial Portfolio, a 1.24 million square foot industrial portfolio in Southern New Jersey and Southeastern Pennsylvania. Camber Real Estate Partners is a Montclair, New Jersey-based investment and development company led by Christopher Bellapianta and Dave Surti.
The portfolio includes 25 individual properties primarily consisting of distribution and light industrial uses. The portfolio is over 96.8% leased by a diversified rent roll with a weighted average tenure of more than 10 years.