MONTREAL, March 14, 2011 /PRNewswire/ — Dalfen America Corp. announces the successful closing of its latest value-added industrial fund.
The fund will target value-added, multi-tenant, flex and industrial properties in select metropolitan markets, including Phoenix, Dallas, Houston and Las Vegas, among others, and aims to be fully invested within the next 12 months.
In the fourth quarter of 2010, Dalfen America Corp. acquired 4 flex and industrial buildings, in the Phoenix and Dallas markets, that the firm has warehoused in anticipation of the fund’s final closing.
Sean Dalfen, Executive Managing Director of Dalfen America Corp. said, “The success of our fundraising effort is reflective of a strong vote of confidence from our investors in both our fund strategy and our firm’s ability to execute. This fund is well positioned to capitalize on the growing number of acquisition opportunities that continue to emerge as a result of a steep decline in market rents and a continued lack of lender financing for non-stabilized assets in most US markets.”
About Dalfen America Corp.
Dalfen America Corp., the U.S. arm of the Canadian company Dalfen’ Ltd., is a private equity real estate firm headquartered in Montreal, Canada, with regional offices in Orlando, Dallas and Tampa. The firm, through its investment funds and separate accounts, acquires and manages commercial properties throughout North America.
SOURCE Dalfen America Corp.