Official closing date was Tuesday, October 5, 2021
WASHINGTON, DC, October 06, 2021 /24-7PressRelease/ — The team at FTF Investments has stayed true to their commitment to helping clients identify and participate in high-quality, long-term private investment opportunities. The minority and woman-owned private investment management firm has teamed up with Omega Industrial Realty, LLC to close on the purchase of a 180,000 square foot mission-critical logistics facility in Waterloo, IA, home of John Deere Waterloo Works, the largest concentration of Deere manufacturing plants in the country.
FTF Investments, managed by passionate leaders Tarik A. Floyd and Jessica Balsam, was born to serve the next generation of wealth in the minority community. The investment in the Waterloo, IA logistics facility with Omega was selected specifically due to its potential to produce cash flow for over a decade. The built-to-suit, 2021 construction facility is under a new lease with Material Control Systems, Inc. (MATCON), which for 21 years has provided material handling, repair and logistics services for John Deere’s manufacturing portfolio in the Mid-West and Southern US. Every Deere part used in the two million square foot John Deere Tractor Cab Assembly plant in Waterloo is sourced, handled and transported by MATCON.
“FTF is proud to be involved in such an exciting deal with an exceptional group like Omega”, said FTF’s CEO Tarik A. Floyd. “The mission-critical nature of Mat-Con’s operations, their long tenure with John Deere, the strength of the Waterloo market, and Omega’s long track record made this a great opportunity for our investors who are looking for long-term, consistent, cash-flow. We look forward to many more deals like this one.”
“We’re thrilled to partner with Jessica, Tarik and the FTF team,” added Asher Hyman, Principal and Head of Acquisitions at Omega. “We are very impressed with what they’ve accomplished and look forward to a long-standing relationship. We think it’s a great time to be in industrial real estate. We’re seeing unprecedented demand in the sector and don’t expect any slowdown over the next 10 years.”
FTF is a privately held minority and woman-owned investment firm focused on real estate and niche alternative investment opportunities. FTF invests directly and with operating partners in commercial and residential assets. For more information on FTF, please visit www.ftfinvestment.com.
Omega’s principals have more than 100 years combined experience in industrial and investment real estate, having transacted in excess of $5 billion in ownership and advisory capacities.
Since 2003, the principals of Omega (along with affiliates) have invested in excess of $750 million in industrial assets, including large notable transactions for Amazon, FedEx, DHL, Sherwin Williams, Smithfield Foods, DuPont, Akzo Nobel, Novant Health, Ridge Tool, and more. Capital raised has exceeded $350 million, and comes primarily from a stable of high-net-worth individuals.
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