AS POSTED IN THE NEW YORK REAL ESTATE JOURNAL ON-LINE NEWS FEED THIS AFTERNOON
Metropolitan Realty Associates raises $50 million equity with Angelo, Gordon & Co.
5 Inez Drive - Bayshore, NY Bayshore, NY Metropolitan Realty Associates LLC (MRA) has raised $50 million of equity for a strategic investment fund fo...MRA continues its growth in the industrial market by raising a $50 million equity fund to invest in high quality Long Island warehouse, distribution and manufacturing assets with high ceilings, ample loading and truck parking. 5 Inez Drive in Bayshore, NY is the first of several assets to be acquired over the next 12 months. Read more about the fund and the first acquisition in the REW story below.
MRA, Angelo Gordon close on first acquisition of new industrial equity fund | Real Estate Weekly
The JV acquired a single-story industrial asset in Bayshore, Long Island.This is a great way to fuel the growth plans for this expanding BIG BOX brick and mortar retailer. "At Home is an important tenant in the Post COVID retail sector and is MRA's anchor tenant at the redeveloped MACYS in Nanuet NY. Their store opened February, 2021 and its doing a very robust business" said Joe Farkas, CEO / Founder of MRA.
At Home completes transition to private company
A $2.8 billion acquisition of At Home Group Inc. has gone through.Joe Farkas, CEO and Founder of MRA visits the Fed Ex facility in S. Windsor, CT it purchased in February 2021 with Clarion Partners to conduct a cost segregation review with Deloitte. Along for the walk Thru was 2021 MRA Summer intern Timothy “TJ” Schmitt who is a rising junior at Boston College.
Joe Farkas, CEO/Founder of MRA speaks to the issues surrounding the changing real estate investment landscape post COVID, lessons learned over 35 years of hands on commercial real estate experience and offers some advice to the next generation of leaders. Worth the "listen".
