TITLE

DP Partners sells entire portfolio, repositions itself in Southern Nevada

AUTHOR(S)
Illia, Tony
PUB. DATE
July 2007
SOURCE
Las Vegas Business Press (10712186);7/23/2007, Vol. 24 Issue 30, p2
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
26133677

 

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