DP Partners sells entire portfolio, repositions itself in Southern Nevada

Illia, Tony
July 2007
Las Vegas Business Press (10712186);7/23/2007, Vol. 24 Issue 30, p2
The article reports on the decision of the Reno, Nevada-based real estate developer DP Partners to sell its entire real estate portfolio to rival ProLogis. The transaction affected 114 industrial properties in six states, including in 20 buildings totaling 3.9 million square feet in Southern Nevada. According to John Restrepo of the Restrepo Consulting Group, DP Partners' divestiture reflects a realization of optimum market conditions with low capitalization rates.


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