Glenfield Stabilized Income, LLC debuts with more than 50% already invested.
ATLANTA – OCT. 26, 2021 – Glenfield Capital is pleased to announce the launch of a $150 million equity fund that targets core-plus office buildings in the Southeast and Midwest.
More than half of the fund is already committed, and Glenfield Capital is actively fundraising and seeking additional assets that meet its narrow and disciplined criteria of well-leased office buildings in attractive suburban markets.
The Glenfield Stabilized Income fund portfolio already includes 1.03 million square feet of space with a valuation of more than $200 million. Together the assets are approximately 96% leased with a weighted average remaining lease term exceeding 9 years.
“We are bullish on the investment case for high quality office assets in desirable markets,” said James P. Cate, Managing Principal and Founder of Glenfield Capital. “We are confident that the noise and uncertainty about the future of in-person work is overstated and temporary. The Glenfield Stabilized Income fund is designed to capitalize on compelling core-plus opportunities that support our investment thesis.”
The Glenfield Stabilized Income fund launched in early October with three assets:
ABOUT GLENFIELD CAPITAL
Glenfield Capital is a private real estate investment firm founded in 2005 by principals with a century of collective experience and more than $1.4 billion in advisory and principal activities. In 2021, the Atlanta-based company launched the Glenfield Stabilized Income Fund, a $150 million equity fund targeting core-plus office assets with reliable income streams and outsized risk-adjusted returns. Glenfield’s current portfolio includes assets totaling more than 1.5 million square feet in the Southeast and Midwest. Learn more at www.glenfieldcapital.com.
Mary Jane Credeur of The Credeur Group
404 317 2718
mj [@] credeurgroup.com