(HOUSTON, TX) – Rycore Capital LP made its first value‐add acquisition of a 335,484 single tenant manufacturing facility in Walbridge, Ohio. The acquisition was completed through its fund management business line, which allows accredited investors access to high quality income producing commercial real estate. Rycore was able to secure the asset, complete due diligence, negotiate financing and close the transaction.
The property includes 15 grade‐level doors, 6 dock‐high doors, ceiling heights of 46‐55 ft throughout, multiple cranes and a rail spur with stacking capacity for up to 11 rail cars. The asset was purpose built in 1980 for the in‐place single tenant that still occupies 100% of the asset today.
“We are pleased to have executed this engagement utilizing our direct investment platform on behalf of our investors. This acquisition is a prime example of our direct investment service and the capability to not only acquire assets at attractive prices but also proactively increase the value of the underlying real estate” said Ryan Urech, Founder and CEO.
About Rycore Capital LP
Rycore Capital LP (the “Firm”) is a real estate investment management firm specializing in the acquisition, leasing and asset management of value‐add office, industrial, retail and healthcare related properties across the US. The Firm is a joint‐venture partnership between the founder and three Houston‐based family offices. The Firm focuses on two business segments: Fund Management and Direct Investment Advisory. The team views the middle market sector to be fragmented and dominated by private capital with no national institutionally disciplined presence. The Firm aims to provide a solution with its institutional quality 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.