ST. LOUIS, MISSOURI, October 12, 2020 – Summit Real Estate Group (“Summit”) is announcing that it has entered into a strategic partnership with Metropolitan Real Estate (“Metropolitan”) to acquire and selectively develop infill, ‘last mile’ multi-tenant warehouse / distribution buildings in high-growth markets across the United States Sun Belt.
Metropolitan has invested alongside Summit’s current fund, Arrowrock Income & Growth Fund III (“AIGF III”), in a sub-portfolio of existing fund assets and has earmarked additional capital to invest alongside AIGF III over the next 18 months. The partnership accelerates AIGF III’s value-add investment strategy by allowing Summit to acquire scale in each of its target markets.