Transwestern Divests 3.5M-SF MW Industrial Portfolio for $179M

Toronto-based Dream Industrial REIT acquired a 3.5-million-square-foot industrial portfolio in five cities across the Midwest from Transwestern Investment Group (TIG) for $179.1 million, representing a going-in cap rate of 6%. The 21 logistics facilities are located in Illinois, Ohio, Indiana and Kentucky. The portfolio includes four buildings in Chicago, two buildings in Cincinnati, 12 buildings …

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