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Strategic Acquisition Marks the Fund’s First Houston Purchase, Second Overall
Houston, TX, October 4, 2024 – Partners Capital, the investment platform of Partners Real Estate, is pleased to announce the acquisition of 153 acres at the southeast corner of FM 1960 and Aldine Westfield in North Houston. This acquisition is the Land Fund I’s first in Houston and second overall, underscoring its commitment to strategic land investments in high-growth markets.
“Our business plan for this site is to develop all the necessary infrastructure, including a detention pond, a major thoroughfare connecting FM 1960 to Aldine Westfield, along with all necessary utility and drainage systems,” said Dan Moody, Partner and Managing Director of Partners Land Fund. “We want to create a fully entitled, shovel-ready business park that will cater to industrial users in one of Houston’s most space constrained submarkets.”
Added Mr. Moody, “This was a challenging land assemblage that we acquired from 4 different sellers. Assembling 153 contiguous acres in this submarket puts us in a unique position. This is an important milestone for Partners Land Fund I. The Houston market continues to demonstrate strong demand for well-located industrial sites, and we are excited to contribute to the region’s growth with this strategic acquisition.”
Partners Land Fund I is focused on identifying and acquiring raw land in major markets across Texas and the southeastern United States, with a focus on adding value to land through utility, road, entitlement, zoning, and other strategies. Accredited investors can invest in Land Fund I—and all of Partners Capital’s current offerings—directly through the Partners Finance digital investment platform.
“Acquiring this 153-acre site in North Houston is a significant achievement for Partners Capital,” said Andrew Pappas, President of Partners Capital. “This acquisition reflects our dedication to offering diverse and strategic investment opportunities to our investors, as we continue to expand our presence in key markets and drive our platform’s growth.”
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 major markets in Texas and the Southeast.
For more information, please contact Ash Harley-Majic, Marketing & Communications Manager, at 713.275.9641