Taurus Investment Holdings LLC, a global real estate private equity firm, has acquired a five-property industrial portfolio in Atlanta for $50 million. The portfolio was previously owned by Everwest Real Estate Investors. The acquisition comes as part of Taurus Investment Holdings' ongoing expansion of its industrial portfolio in the Southeastern United States.
The properties, located in the Atlanta suburbs of Tucker and Norcross, total 561,000 square feet and are currently 97% leased to a diverse group of tenants, including logistics, manufacturing, and service companies. Taurus Investment Holdings plans to continue to invest in the portfolio and make improvements to the properties.
Taurus Investment Holdings has a long history of investing in sustainable office and Build-to-Rent developments, and the firm recently re-entered the UK market to address growing demand for these types of properties. The global developer has launched a new initiative focused on sustainability, which includes retrofitting existing properties to improve energy efficiency and reduce carbon emissions.
In addition to its focus on sustainability, Taurus Investment Holdings is also committed to preserving historic properties and cultural landmarks. The firm recently announced plans to renovate the Cherry Lane Theater in New York City's West Village, which has been closed for nearly three decades.
Taurus Investment Holdings' commitment to sustainability is reflected in its recent acquisition of the I-20 West Industrial Portfolio in Atlanta. The portfolio is currently 100% leased to seven tenants and is located in the booming Tampa and Orlando submarkets. Taurus Investment Holdings plans to focus on decarbonization retrofits as it expands its industrial portfolio in the region.
Peter A., a senior executive at Taurus Investment Holdings, was recently named one of New England's top real estate professionals by the Boston Real Estate Times. He has been instrumental in the firm's expansion into new markets and its focus on sustainability.
As a member of the Forbes Councils, Ajay Prasad, Managing Director - India of Taurus Investment Holdings, has written extensively about the real estate industry and the firm's investment strategies. He has been a strong advocate for sustainable development and has highlighted the importance of incorporating green building practices into new and existing properties.
Like many investors, Taurus Investment Holdings is taking a cautious approach to investing in Europe due to market volatility and repricing. However, the firm remains committed to pursuing opportunities in the region and is actively seeking out new investment opportunities.