MONTREAL, July 12, 2011, PRNewswire — Today, Dalfen America Corp. (DAC) announced the acquisition of four mortgage notes with unpaid principle balances totaling over $35 million.
These notes are the latest additions to DAC’s Value Added Industrial Property Fund IV, the firm’s sixteenth real estate fund. The Orlando area note is secured by a 120,000 s.f. Class A industrial property built in 1999. The Atlanta area note is secured by an 88,200 s.f. Class B industrial property built in 1982. The first Las Vegas area note is secured by 4 Class A industrial properties, built in 2003 and located in Henderson, Nevada and the second Las Vegas area note is secured by 5 Class A & B industrial properties built between 1992 and 1998 and located just minutes from the Las Vegas “Strip.” All notes are collateralized by single story, multi-tenant industrial buildings.
“We’re extremely pleased with our latest acquisitions and strongly believe that further opportunities are just around the corner. Our track record, cash position and our ability to diligently underwrite and close on complex transactions in very short time frames have been the key factors behind our consistent acquisition success. Vendors and brokers have confidence in our ability to close quickly and efficiently and this is the reason we are presented with so many opportunities both on and off market,” said Sean Dalfen, Dalfen America Corp’s Executive Managing Director.
Since its closing this past February, DAC’s latest investment fund has acquired approximately 800,000 s.f. of Class A & B multi-tenanted industrial buildings and mortgage notes in select metropolitan markets across the United States.
About Dalfen America Corp.
Dalfen America Corp. is a private equity firm specializing in real estate and real estate related investments in the United States and Canada. DAC operates as the US arm of the Canadian corporation Dalfen’s Limited, which was founded in 1935. The firm is headquartered out of Montreal, Canada, with additional offices in Orlando, Dallas and Tampa. For more information visit: www.dalfen.net