Houston, TX, July 9, 2024 – Partners Capital, the investment platform of Partners Real Estate Company, announced the successful disposition of 10849 & 10899 Kinghurst Drive, marking the first sale from its Investment Fund IV portfolio. The industrial/flex property was acquired in September 2022. The multi-tenant flex service center was 100% leased at sale features approximately 52,781 rentable square feet on 4.56 acres. Built in 1981, the all-brick facility is comprised of two small-bay light industrial buildings offering office space at the front and warehousing and loading at the back of each building.

“We are delighted to announce another successful full-cycle investment for our investors. At Kinghurst, we executed key capital projects and significantly improved the rent roll. This has proven to be an outstanding investment, and we remain enthusiastic about the assets remaining in Fund IV,” said Andrew Pappas, President of Partners Capital.

Jason Scholtz and Jason Tangen with Colliers represented Partners Capital in the transaction.

Partners Capital’s latest value-add fund, Opportunity Fund V is focused on identifying and acquiring high-quality industrial, retail, and office assets in the major markets across Texas and the southeastern United States. Accredited investors can invest in Opportunity Fund V, and all of Partners Capital’s current offerings directly through the Partners Finance digital investment platform.

During the last eight years, Partners Capital has sponsored seven investment funds across three investment strategies and completed more than $500 million in transaction volume. Its current portfolio comprises more than 1.4 million sq. ft. of properties located throughout Texas’ major markets. Prior to selling 10849 & 10899 Kinghurst Drive, Partners Capital completed the second acquisition in Opportunity Fund V by purchasing Old Town Spring Business Park.

For more information, please contact Ash Harley-Majic, Marketing & Communications Manager, at 713.275.9641