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Alternative Assets  + Real Estate  |  September 13, 2023
Stoic Equity Partners Launches Flex Industrial Properties Fund
Joe Palmisano
By: Joe Palmisano

Stoic Equity Partners Launches Flex Industrial Properties Fund

Commercial real estate investment firm Stoic Equity Partners announced the launch of a new investment fund, SEP Industrial Holdings I, which is focused on investing in flex industrial properties across the southeastern US region.

The Daphne, AL-based firm is looking to acquire seven to nine flex industrial facilities located in secondary and tertiary markets. The SEP Industrial Holdings I fund offers a unique investment opportunity for accredited investors, with a fundraising goal of $25 million available in $50,000 share increments.

The fund’s projected portfolio value is set to reach $70 million to $75 million, with a planned holding period of five years.

The strategy focuses on identifying and acquiring office/warehouse facilities built between 1980 and 2000 and aims to “unlock value” through renovations, adjusting rents to align with market rates and improving on operational inefficiencies.

“SEP Industrial Holdings I will execute a value-add strategy while also providing quarterly cashflow distributions to investors,” explained Jeremy Friedman, co-founder and CEO of Stoic Equity Partners.

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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