{"id":1004122494,"date":"2015-07-02T20:50:56","date_gmt":"2015-07-03T04:50:56","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=354228"},"modified":"2020-04-06T01:09:51","modified_gmt":"2020-04-06T09:09:51","slug":"joint-venture-capitalizes-on-texas","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/joint-venture-capitalizes-on-texas\/","title":{"rendered":"Joint Venture Capitalizes on Texas"},"content":{"rendered":"

By Liviu Oltean, Associate Editor<\/em><\/p>\n

A joint venture formed by Sealy & Co.<\/a> and AEW Capital Management<\/a>\u00a0disposed of a 1.48 million-square-foot industrial portfolio. At the time of the transaction, the portfolio was 91 percent leased and consisted of 19 multi-tenant, net-leased industrial facilities located in Dallas, Houston and San Antonio.<\/p>\n

The joint venture wanted to capitalize on current market conditions, the assets having appreciated significantly over a short period of time. The portfolio was acquired in February 2014 and it represented the joint venture\u2019s first investment.<\/p>\n

\u201cThe Texas Industrial Portfolio proved to be another great investment for the joint venture between Sealy and AEW,\u201d stated Scott Sealy Jr., vice president of business development for Sealy & Co. \u201cSealy is pleased with the outcome of the Texas Industrial Portfolio sale and we look forward to continued success in partnership with AEW.\u201d<\/p>\n

As Commercial Property Executive<\/a><\/em> has reported, Sealy has been a longstanding player in Texas. The firm has been active in the state for more than 50 years and owns more than 5.8 million square feet of space. According to an official press statement, the joint venture will continue to focus on assets and portfolios in major industrial markets, looking for prospective investments ranging between $5 million and $100 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

A joint venture formed by Sealy & Company and AEW Capital Management recently disposed of a 1.48 million-square-foot industrial portfolio.<\/p>\n","protected":false},"author":1158,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21742],"tags":[],"class_list":["post-1004122494","post","type-post","status-publish","format-standard","hentry","category-dallas","category-latest"],"acf":[],"yoast_head":"\nJoint Venture Capitalizes on Texas - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/joint-venture-capitalizes-on-texas\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Joint Venture Capitalizes on Texas\" \/>\n<meta property=\"og:description\" content=\"A joint venture formed by Sealy & Company and AEW Capital Management recently disposed of a 1.48 million-square-foot industrial portfolio.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/joint-venture-capitalizes-on-texas\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-03T04:50:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-06T09:09:51+00:00\" \/>\n<meta name=\"author\" content=\"Liviu Oltean\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/joint-venture-capitalizes-on-texas\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/joint-venture-capitalizes-on-texas\\\/\"},\"author\":{\"name\":\"Liviu Oltean\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/a12696609e74785a9cb5f8f7eae8bbd0\"},\"headline\":\"Joint Venture Capitalizes on Texas\",\"datePublished\":\"2015-07-03T04:50:56+00:00\",\"dateModified\":\"2020-04-06T09:09:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/joint-venture-capitalizes-on-texas\\\/\"},\"wordCount\":208,\"commentCount\":0,\"articleSection\":[\"Dallas\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/joint-venture-capitalizes-on-texas\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/joint-venture-capitalizes-on-texas\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/joint-venture-capitalizes-on-texas\\\/\",\"name\":\"Joint Venture Capitalizes on Texas - 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