Starwood Capital Acquires Warehouse Portfolio from Goldman and Dalfen
Deal News | Apr 09, 2025 | Dalfen Industrial LLC
Starwood Capital Group has acquired a 38-warehouse portfolio from Goldman Sachs Group Inc. and Dalfen Industrial for approximately $685 million. The acquisition highlights the growing demand for distribution centers situated near consumer hubs, driven by the e-commerce boom. Located in strategic markets like Dallas, Atlanta, Nashville, and Austin, the warehouses boast an 89% occupancy rate with tenants such as Wilson Sporting Goods, Amazon.com Inc., Walgreens Boots Alliance Inc., and Kroger Co. Despite transferring ownership, Dalfen will continue to manage these properties, aiming to further enhance their value. The increasing interest in last-mile properties aligns with companies' nearshoring strategies intended to streamline supply chains. The transaction was represented by Eastdil Secured.
Sectors
- Real Estate Investment
- Logistics and Supply Chain
Geography
- United States – The warehouse portfolio includes properties located in major markets such as Dallas, Atlanta, Nashville, and Austin, making the U.S. the main geography for this transaction.
Industry
- Real Estate Investment – The article involves the acquisition of a substantial warehouse portfolio, indicating activity in the real estate investment sector, particularly concerning industrial properties.
- Logistics and Supply Chain – The demand and strategic importance of the warehouses are tied to logistics and supply chain efficiencies, often linked to the e-commerce sector.
Financials
- $685 million – The deal value for the purchase of the warehouse portfolio by Starwood Capital Group.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Starwood Capital Group | Buyer | Company | A private investment firm that has acquired the warehouse portfolio. |
| Goldman Sachs Group Inc. | Seller | Company | An investment banking company involved in selling the warehouse portfolio. |
| Dalfen Industrial LLC | Seller/Operator | PE Firm | A private equity firm that co-sold the warehouse portfolio and will continue to operate it. |
| Wilson Sporting Goods | Tenant | Company | One of the tenants leasing the warehouse space. |
| Amazon.com Inc. | Tenant | Company | A major e-commerce company leasing the warehouse space. |
| Walgreens Boots Alliance Inc. | Tenant | Company | A pharmacy and health organization leasing the warehouse space. |
| Kroger Co. | Tenant | Company | A large retail company leasing the warehouse space. |
| Eastdil Secured | Advisor | Company | Represented Goldman and Dalfen on the transaction. |