ERP Industrials has launched their new DST Portfolio, ERP 1031 Industrial Portfolio II DST
1:00 p.m. - 1:30 p.m. CST
Live on Zoom
Join us for an exclusive meeting to explore ERP Industrials DST - a strategic investment opportunity featuring net-leased industrial properties in the heart of the Permian Basin, One of the largest oil-producing regions.
After registering, you will receive a confirmation email containing information about joining the meeting.
ERP believes that these 29 properties represent an important, core industrial position in the Permian Basin and may perform strongly in the current market environment due to their superior locations, attractive going-in base rents, and high land-to-building ratio. As of October 1, 2024, occupancy at the properties was 100%.
• Total Capitalization: $71,880,000
• Appraised Value: $72,315,000
• Purchase Price: $64,000,000
• Equity Raise: $49,880,000
• Debt: $22,000,000
• LTV: 30.6% (Loan - 15yr Term, 20yr amortization schedule)
• Portfolio Occupancy (Oct. 2024): 100%
• Number of Properties: 29
• Number of Tenants: 24
• Property Type: Industrial
• Lease Structure: Single Tenant Net Lease
• Square Footage: 396,145
• Land: 137 acres
• Mick Law Report: Available upon request
Produces 6.3 million barrels per day of oil, and 24.9 million cubic feet per day of gas. In terms of daily production, it is the second largest gas producing region in the United States and the largest oil field in the world. The region stretches from Western Texas into Southeastern New Mexico and is 250 miles wide and 300 miles long and includes the highly prolific Delaware Basin and Midland Basin.
William A. Meyer II is a Partner in the Sponsor as well as the Founder and President of the ERP Group of Companies. He is also a partner in the Sponsor’s property manager affiliate. Prior to forming ERP, Mr. Meyer worked in the financial services industry in various capacities, including sales and trading in Paris, France with REFCO Securities and private equity and investment banking in New York and Hong Kong with Lehman Brothers and Greenhill & Co. Mr. Meyer received his BA in Economics, BA in French and The Certificate of Markets & Management from Duke University. Mr. Meyer received his MBA from The Wharton School at the University of Pennsylvania. The Wharton School honored Mr. Meyer by awarding him a full, merit-based scholarship and an opportunity to teach the principles of marketing to Wharton undergraduate students.
Meghan J. Berry, is a Partner in the Sponsor as well as a Partner in many of the companies that comprise the ERP Group of Companies. She is also a partner in the Sponsor’s property manager affiliate. Ms. Berry leads all asset management and portfolio management activities and oversees all aspects of sourcing, analyzing, and execution of new investment opportunities. Prior to joining the Sponsor, Ms. Berry formed and led Greenhill & Co.’s firm-wide private equity secondary advisory practice and managed private capital raising engagements. Ms. Berry also served as the Chief Operating Officer of the Private Capital Advisory group at Greenhill & Co. Notable transaction involvement included leading the execution of the sale of a $650 million portfolio among 90 parties for a large U.S. public pension client, a $120 million portfolio sale for a large corporate pension, as well as the acquisition by an insurance company of two significant bank-held private equity
portfolios totaling $3.6 billion. Prior to joining Greenhill & Co., Ms. Berry spent three years in Cogent Partners’ private equity secondary market investment banking group, where she diligenced, valued and sold more than 250 private equity funds and 15 direct stakes in companies. Prior to joining Cogent Partners, Ms. Berry interned with the Directors of Private
Markets and Real Estate at the NYC Office of the Comptroller in the Bureau of Asset Management. Ms. Berry received her BA in Political Science from the University of Chicago.