Dividend Capital Takes Kentucky Industrial Portfolio
- Sep 18, 2008
Dividend Capital Total Realty Trust Inc. has closed on a Kentucky industrial real estate portfolio, the REIT announced. The portfolio contains five industrial distribution facilities located in Louisville, Ky. These house approximately 890,000 square feet. The properties are currently 97% occupied. Louisville is a particularly strong choice due to the decision by UPS to expand its WorldPort global air hub at the Louisville International Airport, according to the Denver-based REITAs of June 30, 2008, the company owned 62 properties totaling approximately 10.8 million square feet in 19 geographic markets.