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Terreno Realty Corporation Closes $100 Million Five-Year Unsecured Term Loan

PRIVATESep 06, 2022

Amount Raised

$100 Million

Round Type

Debt Financing

United StatesReal Estate

Description

Terreno Realty Corporation (NYSE: TRNO), an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, announced today the closing of a new $100 million five-year unsecured term loan. The new five-year unsecured term loan will mature on January 15, 2028, and the interest rate generally will be SOFR plus 1.25% to 1.75%, depending on leverage. The current interest rate is SOFR plus 1.25%, and proceeds from the term loan were used to reduce borrowings under Terreno Realty Corporation’s $400 million revolving credit facility to $10 million.

Quick answer

Industrial Property in Washington D.C raised $100 Million in a Debt Financing round, dated September 6, 2022. Industrial Property in Washington D.C is based in United States.

How much did Industrial Property in Washington D.C raise?
Industrial Property in Washington D.C raised $100 Million in a Debt Financing round on September 6, 2022.
What does Industrial Property in Washington D.C do?
The acquired industrial property is located in Washington, D.C. It consists of one industrial distribution building containing approximately 26,000 square feet on 0.7 acres, immediately adjacent to and between two..
Where is Industrial Property in Washington D.C based and how big is it?
Industrial Property in Washington D.C is based in United States.
Who are the decision-makers at Industrial Property in Washington D.C?
Fundz holds 1 contact at Industrial Property in Washington D.C. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Real Estate around the same time

Companies in the same sectors as Industrial Property in Washington D.C that raised within 45 days of this round, from Fundz verified event records.

  • Bonaccord Capital Partners raised $350M on October 18, 2022.
  • Landis raised $40M (Series B) on October 18, 2022.
  • Blackstone raised $500M (Corporate Round) on October 13, 2022.
  • Continuum™ raised an undisclosed amount on October 12, 2022.
  • Fintor raised $6.2M (Funding Round) on October 7, 2022.
  • TPG raised $450M (Series E) on October 7, 2022.

Who to call at Industrial Property in Washington D.C, and when

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Company Information

Company

Industrial Property in Washington D.C

Location

United States

About

The acquired industrial property is located in Washington, D.C. It consists of one industrial distribution building containing approximately 26,000 square feet on 0.7 acres, immediately adjacent to and between two existing Terreno Realty Corporation buildings on V Street. The property provides four dock-high and one grade-level loading positions and parking for 16 cars. The property is vacant, and the estimated stabilized cap rate is 5.6%.

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