Brennan Investment Group, LLC (“Brennan Investment Group” or the “Company”) is a private real estate investment company headquartered in Chicago, Illinois. Brennan Investment Group was formed in 2010. Its Managing Principals are comprised primarily of former First Industrial Realty Trust (NYSE: FR) founders and executives. Since 2010, the Company has purchased more than $1 billion in industrial real estate, partnering with institutional capital providers such as Goldman Sachs, California State Teachers Retirement System (CalSTRS), Gatehouse Bank and DLJ Real Estate Capital Partners.
The Company’s current portfolio spans 22 states, encompasses over 22 million square feet and currently has an occupancy rate of 98.5%. Brennan Investment Group acquires, develops and operates industrial real estate in select major metropolitan markets throughout the United States, including Central Florida, Chicago, Northern New Jersey, Southern California, Texas and Washington, D.C. The Company’s experienced principals utilize a disciplined investment approach in selectively identifying opportunities that look to achieve risk-adjusted returns for investors. Brennan Investment Group believes that industrial real estate is a large, stable and diversified investment class that offers a compelling opportunity for both current income and appreciation across a variety of industrial property types.
Track Record
The Portfolio consists of 6 separate free standing buildings on individual parcels. The buildings have minimum clear heights of 12', with grade level loading incorporated. There is adequate parking, with 127 spaces at Kirkwood Center and 211 spaces at 8600-8850 Jameel Road. The size of the tenants range from 1,541-8,611 square feet, with an average tenant size of 3,437 square feet. The suites are in good condition, function well, and have a low TI and maintenance requirement on new leases and renewals.
The properties are in good physical condition, including new roofs on all 6 buildings (2004 for Jameel) and (2011 for Kirkwood). The roofs on the Kirkwood Center buildings have warranties in place until 2026. The recently completed property condition report performed by EBI Consulting found no immediate repairs necessary at either asset.
| Jameel | Kirkwood | Total/Avg | |
| Addresses: | 8600 Jameel Rd., Houston, TX | 12705 Kirkwood St., Stafford, TX | |
| Year Built: | 1980 | 1984 | |
| Property Type: | Flex Industrial | Flex Industrial | |
| SF: | 87,099 | 45,898 | 132,997 |
| Occupancy: | 91% | 100% | 94% |
| Buildings: | 4 | 2 | 6 |
| % Office | 72% | 78% | 74% |
| Clear Heights: | 12' | 12' | 12' |
| Parking Spaces: | 211 | 127 | 338 |
| Parking Ratio: | 2.42:1,000 SF | 2.77:1,000 SF | 2.54:1,000 SF |
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Sponsor’s Use of DebtA substantial portion of the total cost of the real estate asset acquired by the Sponsor with investor funds (“Property”) will be paid with borrowed funds, i.e., debt. Sponsor’s estimated rates and terms of the debt financing are subject to lender approval, and there is no assurance that the Sponsor will secure debt at the rates and terms presented on this Page or in the Sponsor’s Investment Documents, or at all. The use of borrowed money to acquire real estate is referred to as leveraging, which can amplify losses and could result in lender foreclosure. In addition, if the debt includes a variable (or “floating”) interest rate, the total amount of interest paid over the term of the debt will fluctuate and can increase. As a result, Sponsor’s use of debt can result in a loss of some or all of your investment.
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