Elion Partners and Buchanan Partners Acquire a 1.6 Million Square Foot Industrial Portfolio in Washington D.C. Metro Area, Expanding Mid-Atlantic Industrial Footprint

Joint venture marks fourth partnership between Elion and Buchanan

MIAMI & GAITHERSBURG, Md.–(BUSINESS WIRE)–Real estate investment firms Elion Partners (“Elion”) and Buchanan
Partners (“Buchanan”) today announced the acquisition of a 1.6 million
square foot industrial portfolio, spanning 34 buildings spread across
six locations in the Washington D.C. Metro area.

Within this transaction, Elion and Buchanan have replicated their
ongoing investment strategy, which focuses on investing in key assets
at- or below- replacement cost with strong occupancy fundamentals in
supply-constrained locations. The newly acquired assets are in close
proximity to the Washington Dulles International Airport and service
tenants primarily in the government contract sector.

“Elion is thrilled to announce this latest strategic partnership with
Buchanan,” said Juan DeAngulo, Managing Partner and Co-founder of Elion
Partners. “We look forward to adding value through hands on execution,
and jointly managing this asset with Buchanan.”

Colin Dove, Principal with Buchanan Partners, noted that, “This
investment expands our geographic footprint to strong submarkets for
one-story flex and industrial product at a fraction of replacement cost
in these locations. Many options will present themselves to enhance the
value of these buildings and we are excited to have an innovative
partner like Elion to help us achieve that goal.”

This announcement marks the second industrial portfolio acquisition in
the Washington D.C. Metro area for Elion. In August 2017, the firm,
along with Buchanan, completed a 700,000 square foot acquisition of a
similar industrial product type. That acquisition included a 14-building
portfolio spread across three locations just off Route 28 in the
Washington D.C. Metro area, bringing the total portfolio to over 2.3
million square feet.

About Elion Partners

Elion Partners is a vertically integrated real estate investment firm
with institutional-grade capabilities. Elion serves as both a fiduciary
and an operator of real estate assets, managing over $2 billion through
several closed-end funds and standalone permanent capital investment
vehicles. We serve as stewards of our clients’ capital with a focus on
preservation for the long-term. Elion’s principals invest significant
capital in each fund to ensure the utmost alignment of interests with
our LPs.


About Buchanan Partners

Buchanan Partners (“Buchanan”) is a leading full-service real estate
development firm operating in the Washington, D.C. region. Since 1998,
Buchanan has made over $1.2 billion in total investments, with over $300
million in equity capital invested with multiple investment partners
including pension funds, endowments and family offices. With a portfolio
spanning a broad range of building types, Buchanan is able to move with
the market, whether the environment favors residential, office,
industrial or raw land investments. The firm has developed over
5,000,000 square feet of commercial space and has entitled and developed
property on over 2,000 acres of land in Maryland, Virginia and
the District of Columbia.

For more information, visit buchananpartners.com.


Edelman for Elion Partners
Arielle Patrick, O: 212-738-6120