A venture between San Juan Capistrano, CA-based Birtcher Anderson & Davis, LLC and Belay Investment Group has recently closed on a $44.5 million purchase of seven (7) properties in greater Los Angeles and the Inland Empire comprised of twenty-five (25) buildings totaling 351,419 sf, and home to 133 tenants. The seller, a private family, was represented by CBRE. This represents the second investment for the venture since October 2020.
“The incredible resilience these properties have demonstrated during the pandemic bolsters our belief in the bright future of the infill shallow bay industrial sector. Our business plan includes capital upgrades and an aggressive leasing program to address some current vacancy as well as to capture rising rental rates as a significant number of leases expire during the next twenty-four months”, notes Bob Anderson, Co-Chairman of Birtcher Anderson & Davis.
Belay Investment Group’s Senior Vice President of Investment, Jake Loughridge, commented, “The Southern California industrial portfolio represents a great opportunity for Belay to invest in multi-tenant industrial properties within one of the hottest industrial markets within the Country and expand our relationship with Birtcher Anderson & Davis. We’re extremely excited about working with the team to execute the business plan.”
About Birtcher Anderson & Davis
Birtcher Anderson & Davis (“BA&D”) is a California based, privately-owned real estate investment, development, and property management firm located in San Juan Capistrano, CA with other satellite locations in CA, NV, and AZ. BA&D is a vertically integrated real estate operating company focused on acquiring value-add, middle-market, multi-tenant warehouse and light industrial properties in high growth U.S. markets. For more information visit: birtcherandersondavis.com
Birtcher Anderson & Davis, LLC has not received or provided any cash or any non-cash compensation in exchange for the statements made in this press release. As a result of Belay’s investment into the purchase of the seven industrial properties described in this press release, BA&D and its personnel have an incentive to make positive statements about Belay and the seven industrial properties purchased through their venture.