{"id":7085,"date":"2025-02-04T12:09:58","date_gmt":"2025-02-04T17:09:58","guid":{"rendered":"https:\/\/gid.com\/?p=7085"},"modified":"2025-02-04T12:10:28","modified_gmt":"2025-02-04T17:10:28","slug":"gid-industrial-completes-328-million-in-industrial-acquisitions-adding-1-8m-square-feet-to-its-portfolio-in-2024","status":"publish","type":"post","link":"https:\/\/gid.com\/gid-industrial-completes-328-million-in-industrial-acquisitions-adding-1-8m-square-feet-to-its-portfolio-in-2024\/","title":{"rendered":"GID Industrial Completes $328 Million in Industrial Acquisitions, Adding 1.8M Square Feet to its Portfolio in 2024"},"content":{"rendered":"<p><b><span data-contrast=\"auto\">Dallas, TX (February<\/span><\/b><b><span data-contrast=\"auto\"> 4<\/span><\/b><b><span data-contrast=\"auto\">, 2025) &#8212; <\/span><\/b><span data-contrast=\"auto\">GID, a vertically-integrated real estate owner, operator, and investor, has closed $328 million in industrial acquisitions in 2024. This total includes 1.8 million square feet across nine deals and 27 buildings, further strengthening GID\u2019s national presence in key industrial markets.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">&#8220;2024 has been a milestone year for GID Industrial. Our disciplined approach to acquiring assets with strong fundamentals and growth potential allows us to maximize value for our investors while contributing to the ongoing development of key industrial markets across the U.S.,\u201d <\/span><b><span data-contrast=\"auto\">said Mike Wenaas, CIO of GID Industrial. <\/span><\/b><span data-contrast=\"auto\">\u201cAs we look ahead, we remain focused on identifying new opportunities in high-demand markets, leveraging our expertise and relationships to drive continued growth and deliver strong returns for our investors.\u201d<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">GID Industrial executed these strategic acquisitions within the top industrial markets across the U.S. that GID believes demonstrates strong demand drivers and growth trajectories. The firm acquired a portfolio in Houston totaling 299,025 square feet; a portfolio in Phoenix totaling 131,852 square feet; a portfolio in Seattle totaling 174,341; a portfolio in Atlanta totaling 169,215 square feet; a property in Philadelphia totaling 111,456 square feet; a portfolio in Chicago totaling 187,485 square feet; a property in Boston totaling 104,429 square feet; a property in San Diego totaling 105,469 square feet; and a portfolio in Las Vegas totaling 519,819 square feet.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">Today, GID Industrial oversees more than $4.4 billion of industrial assets under management, across 26 million square feet and more than 250 industrial properties within 24 markets.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">###<\/span><span data-ccp-props=\"{&quot;335551550&quot;:2,&quot;335551620&quot;:2}\">\u00a0<\/span><\/p>\n<p><b><span data-contrast=\"auto\">About GID<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">GID is a privately-held, vertically-integrated real estate company that owns, operates, and\/or <\/span><span data-contrast=\"auto\">manages a portfolio of multifamily and industrial assets, and develops multifamily and mixed-<\/span><span data-contrast=\"auto\">use projects across the United States. The firm also operates a credit platform that aims to<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-contrast=\"auto\">provide commercial real estate debt solutions for institutional borrowers. With corporate offices<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-contrast=\"auto\">in Atlanta, Boston, Dallas, Dubai, New York and San Francisco, GID is an experienced real<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-contrast=\"auto\">estate investor and manager supported by an integrated operating platform and has 60+ years<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><span data-contrast=\"auto\">of experience across multiple asset classes. As of December 31, 2024, GID owns and\/or manages $30.3 billion of assets under management across 57,000 apartment units and 28 million square feet of industrial and commercial space [1].\u00a0 <\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/p>\n<p><span data-contrast=\"auto\">[1] <\/span><span data-contrast=\"auto\">AUM is as of 12\/31\/2024 and is calculated in compliance with the definition for Assets Under Management (\u201cAUM\u201d) prescribed in INREV\u2019s Global Definitions Database and includes the market value of real estate as well as non-real estate assets (including any cash in the vehicle or mandate) and committed but uncalled capital for which GID provides oversight and investment management services (for internal client capital and third-party capital) in the funds as well as \u201cOther GID Accounts,\u201d (as defined below) and accounts for which GID provides asset management services without an equity investment. Other GID Accounts include proprietary accounts and co-investment joint ventures with unaffiliated investors where the latter maintain significant approval rights over the management of these investments. Such investment vehicles are not considered &#8220;securities portfolios&#8221; or &#8220;private funds&#8221; for purposes of the Advisers Act and are not included in the regulatory assets under management reported in Form ADV Part 1A or Part 2A.\u202fAs of December 31, 2024, the firm\u2019s regulatory assets under management totaled $4.5B.<\/span><\/p>\n<p><strong>Media Contact<\/strong><br \/>\nErin Holin<br \/>\n<a href=\"mailto:gid@berlinrosen.com\">gid@berlinrosen.com<\/a><br \/>\n917.232.0701<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dallas, TX (February 4, 2025) &#8212; GID, a vertically-integrated real estate owner, operator, and investor, has closed $328 million in industrial acquisitions in 2024. This total includes 1.8 million square feet across nine deals and 27 buildings, further strengthening GID\u2019s national presence in key industrial markets.\u00a0\u00a0 &#8220;2024 has been a milestone year for GID Industrial. [&hellip;]<\/p>\n","protected":false},"author":42,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[45,44],"tags":[],"class_list":["post-7085","post","type-post","status-publish","format-standard","hentry","category-gid-in-the-news","category-press-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>GID Industrial Completes $328 Million in Industrial Acquisitions, Adding 1.8M Square Feet to its Portfolio in 2024 - GID<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/gid.com\/gid-industrial-completes-328-million-in-industrial-acquisitions-adding-1-8m-square-feet-to-its-portfolio-in-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GID Industrial Completes $328 Million in Industrial Acquisitions, Adding 1.8M Square Feet to its Portfolio in 2024 - GID\" \/>\n<meta property=\"og:description\" content=\"Dallas, TX (February 4, 2025) &#8212; GID, a vertically-integrated real estate owner, operator, and investor, has closed $328 million in industrial acquisitions in 2024. This total includes 1.8 million square feet across nine deals and 27 buildings, further strengthening GID\u2019s national presence in key industrial markets.\u00a0\u00a0 &#8220;2024 has been a milestone year for GID Industrial. 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