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Meritex and Goldman Sachs Alternatives Recapitalize 1.2 Million Square Foot Infill Industrial Portfolio in Atlanta

GS
  • Meritex Company partnered with Vintage Strategies at Goldman Sachs Alternatives to recapitalize an 18-building infill industrial portfolio totaling 1,222,596 square feet in Atlanta, GA.
  • The newly formed continuation vehicle acquired the assets, with Meritex retaining controlling partnership status as the operating member & day-to-day manager.
  • The portfolio consists of multi-tenant shallow & mid-bay industrial properties located in Kennesaw, Smyrna, Norcross, Lawrenceville, & Alpharetta within Atlanta's constrained submarkets.
  • Meritex CFO Mark Spotts stated the transaction reflects portfolio quality & the firm's operating platform while maintaining majority ownership & control.
  • Meritex CEO Tom Hotovec highlighted Atlanta's status as a top industrial market driven by population growth, business formation, & limited replacement opportunities in infill locations.
  • The joint venture combines Goldman Sachs Alternatives' institutional capital capabilities with Meritex's vertically integrated operating platform & local market expertise.
  • Meritex remains an 110-year-old firm headquartered in Minneapolis/St. Paul that manages approximately 15.0 million square feet across 127 properties in nine major U.S. markets.
  • Vintage Strategies at Goldman Sachs is a secondary investor with over $95 billion invested since 1998, part of a broader platform overseeing over $4.0 trillion in assets under supervision as of June 30, 2026.
  • The transaction aims to diversify Meritex's capital relationships & enhance its ability to pursue acquisitions, development opportunities, & portfolio growth initiatives.