The merger between Colony and Northstar included plans to dispose of non-core assets. This portfolio of distribution assets had been owned for over 15 years, and the assets were neglected and under leased.
After two “busted” closings, Colony sought a credible buyer who could close in 45 days and by year end.
Brennan sold off the portfolio in five individual transactions over 18 months.
©2024 Brennan Investment Group. All rights reserved.