Oak Brook, Ill. – Inland Institutional Capital Partners today announced that it has negotiated a $125 million investment In Cobalt Industrial REIT II, a private real estate investment trust advised by Cobalt Capital Partners, LP. The investment was negotiated on behalf of Inland American Real Estate Trust, Inc. Cobalt intends to make approximately $1 billion of industrial property acquisitions and developments in major U.S. metropolitan markets over the next thirty months.
Inland American will invest $125 million in common shares in Cobalt Industrial REIT II, which is focused on the acquisition of high quality, well-located, flexible and functional light industrial properties located throughout the United States. To date, Cobalt Industrial REIT II has acquired thirty-six industrial projects consisting of approximately 3 million square feet located within the greater metropolitan areas of Atlanta, Chicago, Dallas, Houston, and Phoenix.
Inland Institutional Capital Partners, a part of The Inland Real Estate Group of Companies, Inc., specializes in raising private equity and identifying large scale investment opportunities. Since its inception in 2006, Inland Institutional Capital Partners has completed capital raising and financial advisory transactions with a value in excess of $5 billion.
Cobalt Capital Partners, L.P., is a real estate private equity firm based in Dallas. The firm invests in "value-added" light industrial and other commercial properties nationally.
Inland American Real Estate Trust, Inc. is a real estate investment trust focused on acquiring and owning a diversified portfolio, including retail, office, multi-family and industrial properties within the United States and Canada, either directly, or by acquiring REITs or other "real estate operating companies." As of March 1, 2007, the company’s portfolio consisted of wholly owned and joint venture interests in 106 properties, for a total of approximately 18 million square feet. Inland American is one of four REITs that are, or have been, sponsored by affiliates of The Inland Real Estate Group of Companies, Inc. For further information regarding Inland American, please refer to the company website at www.inland-american.com