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Ares Industrial Refinances Portfolio With $590 Million Loan

Loan To Back a New CMBS Offering in Bet on Sustained Demand
The largest property in the portfolio getting refinanced is the 513,520-square-foot 2900 Brodhead Road distribution center in Bethlehem, Pennsylvania. (CoStar)
The largest property in the portfolio getting refinanced is the 513,520-square-foot 2900 Brodhead Road distribution center in Bethlehem, Pennsylvania. (CoStar)

One of the nation's largest non-traded real estate investment trusts has closed on a significant financing deal for an industrial portfolio across 10 states, reflecting anticipated demand for the property type.

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