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REIT Industrial Property Trust Buys Industrial Portfolio in Phoenix for $38M

January 12, 2016

Posted on by  | Rebusiness Online

PHOENIX — REIT Industrial Property Trust has purchased a five-building industrial portfolio based in northwest Phoenix for $38 million. The transaction comprises the Lincoln Deer Valley and Lincoln Pinnacle Park assets.

The Lincoln Deer Valley project is located at 21420 and 21430 N. 15th Lane in Phoenix. Lincoln Pinnacle Park is located at 23040 N. 11th Ave., also in Phoenix. They total 340,646 square feet.

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Gregory De Jong, CFP, Co-Founder of Paragon Advisors, LLC.
July 7, 2015

Blue Vault is just what advisors need to size up the different offerings in the nontraded REIT market. Just as importantly, it’s what the industry needs to encourage best practices among REITs.