Congratulations to our partners at John B. Levy & Company on the successful closing of $19 million in equity and debt financing for the acquisition of a 130,000 SF flex portfolio in Owings Mills.

Closed! $19 Million in Equity and Debt Financing

Off-Market Acquisition of a 130,000 SF Flex Portfolio in Owings Mills, MD

Deal Highlights

We're excited to announce the successful closing of a $19 million capital stack for the acquisition of a 130,000 square-foot flex portfolio in Owings Mills, MD. This strategic transaction underscores our commitment to identifying and capitalizing on high-potential commercial real estate opportunities.

• Property: 130,000 SF Flex Portfolio in Owings Mills, MD

• Occupancy: 95% occupied with 4 years WALT & valuable mark-to-market opportunities upon lease expiration

• Tenant Mix: Varied tenant mix, including warehouse, school, daycare, retail tenants; 45+% office finish

Capital Stack Breakdown

This successful deal was made possible through a diverse capital structure, bringing together a powerful mix of debt and equity partners.

• Debt: $13 million (70%) loan from a top-tier insurance company, fixed at a competitive 5.90% for a 7-year term.

• Equity: $6 million (30%) was provided by an institutional joint venture (JV) partner, supplying 85% of the equity. We are proud to have invested shoulder-to-shoulder with the Sponsor.

Want to learn more about this project or our investment strategy?

Contact Bram J. Levy at blevy@jblevyco.com or 804-500-9029 Source: https://www.jblevyco.com/