Deutsche Asset Management’s Alternatives and Real Assets (ARA) business today announced that it has acquired Fairburn Logistics Center (Fairburn) in an Atlanta submarket for one of its investment funds.
Fairburn is a newly-constructed, 1.13 million square-foot, Class-A bulk distribution center that offers numerous features specific to cutting-edge warehouse facilities. It is located in a very desirable location for local and regional logistics users given its proximity to freight distribution, highway infrastructure and an international airport. It is fully-leased to a logistics firm representing a leading technology company.
“The above-average economic growth being experienced in the Atlanta submarket should support robust warehouse space demand in the region,” said Todd Henderson, Head of Real Estate in the Americas for ARA. “Fairburn is a high-quality, core, long-term investment and due to its excellent location, credit tenancy and state-of-the-art physical features, we expect it to offer stable, long-term cash flow for its investors.”
Deutsche Asset Management – Real Estate
Deutsche Asset Management’s real estate investment business has been investing in real estate assets for more than 40 years. As part of the Alternatives and Real Assets platform, this business today has more than 450 employees around the world, USD 51.1 billion in assets under management as of June 30, 2015, and offers a diverse range of strategies and solutions across the risk and return and geographic spectrums, including core and value-added real estate, real estate securities, real estate debt and opportunistic real estate. The real estate investment business employs a disciplined investment approach and aims to deliver superior long-term risk adjusted returns, preservation of capital and diversification to its investors, which include governments, corporations, insurance companies, endowments, retirement plans and private clients worldwide. To learn more about Deutsche Asset Management’s real estate investment capabilities, please go to www.deutscherealestate.com.
An investment in real estate involves a high degree of risk, including possible loss of principal amount invested, and is suitable only for sophisticated investors who can bear such losses.
Deutsche Asset Management
With about USD 836 billion of assets under management (as of September 30, 2015), Deutsche Asset Management¹ is one of the world’s leading investment management organizations. Deutsche Asset Management offers individuals and institutions traditional and alternative investments across all major asset classes.
¹ Deutsche Asset Management is the brand name of the Asset Management division of the Deutsche Bank Group. The respective legal entities offering products or services under the Deutsche Asset Management brand are specified in the respective contracts, sales materials and other product information documents.
© 2016 Deutsche Asset Management. All rights reserved. 045402_1.0
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Contacts:
Catherine Wooters, +1
212-250-2790
catherine.wooters@db.com
