Fort Capital Is The #1 Private Owner Of Class B & C Light Industrial In Houston With Acquisition Of Houston Industrial Portfolio XIII

BISWIRE/Sept. 19, 2023 — Fort Capital, a leading real estate investment firm and Houston's foremost private owner of Class B & C light industrial properties, is pleased to announce its recent acquisition of Houston Industrial Portfolio XIII, a strategically positioned set of Class B light industrial, multi-tenant properties. This off-market acquisition spans five buildings across three prime locations, encompassing a total of 258,999 square feet. The portfolio is currently 81% occupied across 97 units, minimizing short-term cash flow risks and providing a stable foundation for growth.

With this acquisition, Fort Capital expands its Houston footprint to approximately 3.8 million square feet. This strategic expansion leverages the expertise of the company’s growing property management and leasing divisions, its deep market knowledge, and established relationships to ensure maximum operational efficiency of its Houston assets. 

“This acquisition underscores our dedication to strategic growth, operational excellence, and market leadership in the Houston market,” said Jason Baxter, CEO & President of Fort Capital. “We remain steadfast in our pursuit of innovative opportunities that create long-term value for our investors, partners, and the customers we serve.”

Fort Capital's strategic approach includes increasing rental rates to market levels while maintaining existing cash flow, as well as capitalizing on lease-up opportunities to further boost occupancy and rates across all properties.