(HOUSTON, TX) – Rycore Capital has acquired a four-property light industrial portfolio totaling approximately 57,565 square feet across infill submarkets in Houston, Texas. The portfolio, comprising properties at 1740 Elmview Drive, 2403 Naomi Street, 515 Melbourne Street, and 4729 Ramus Street, is 100% occupied and was acquired at a basis well below current replacement cost. Rycore and its affiliates will provide operational, asset, property, and construction management services for the investment.
“This portfolio is a strong fit for what we look for in a core-plus acquisition: well-located assets, cash-flow day one, a stable and diversified tenant base, and embedded upside that we can unlock through hands-on management.” said Sydney Wright, Director of Capital Formation at Rycore Capital. “This closing is a reflection of the momentum we have right now as a firm, across our pipeline, our relationships, and our ability to execute, and we look forward to continuing to build on that for Rycore and our partners.”
The four properties are well-situated within established Houston infill corridors, each serving a diverse and sticky tenant base of local tradespeople, service contractors, and small businesses. The assets benefit from strong visibility and accessibility, recent capital improvements completed between 2018 and 2025, and functional configurations that have supported full occupancy across the portfolio. Rycore was drawn to the portfolio’s combination of immediate, stable income and meaningful embedded upside — with in-place rents below current market levels and a clear path to value creation through proactive management and disciplined lease renewals.
About Rycore Capital LP
Rycore Capital LP (the “Firm”) is a Houston-based real estate investment manager with approximately $413 million AUM, focused on acquiring, leasing and managing income producing properties that deliver superior real estate solutions to our tenants while providing our investment partners with some of the most consistent value-add, core-plus and core returns. The Firm offers two investment platforms to investors: Fund Management and Direct Investment Advisory. The Firm aims to provide a solution with its institutional quality real estate investment management process to high net worth, family office and institutional investors. For more information regarding Rycore, visit the Company’s website at www.rycorecapital.com.