Alpaca Real Estate Acquires 227,000 Sq Ft Industrial Asset in Atlanta
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 18h ago
0mins
Source: Businesswire
- Market Expansion: Alpaca Real Estate's acquisition of a 227,000-square-foot Class A industrial asset in Atlanta continues the execution of its $250 million industrial strategy, marking the firm's expansion into the Southeast market.
- Investment Strategy: This acquisition represents Alpaca's third industrial transaction, exemplifying its off-market infill industrial acquisition strategy aimed at leveraging deep local market expertise in high-growth Southeast markets.
- Market Potential: The property is located in Atlanta's Stone Mountain submarket, benefiting from an approximately 3% vacancy rate, providing strategic positioning within one of the Southeast's most dynamic industrial markets with easy access to critical transportation corridors.
- Demand Drivers: This transaction further solidifies Alpaca's $250 million industrial strategy focused on assembling a portfolio of infill logistics properties in high-growth markets, addressing strong demand driven by e-commerce growth and supply chain reconfiguration.
Analyst Views on ARE
Wall Street analysts forecast ARE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ARE is 64.78 USD with a low forecast of 30.00 USD and a high forecast of 104.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
2 Buy
9 Hold
1 Sell
Hold
Current: 52.180
Low
30.00
Averages
64.78
High
104.00
Current: 52.180
Low
30.00
Averages
64.78
High
104.00
About ARE
Alexandria Real Estate Equities, Inc. is a life science real estate investment trust. The Company is an owner, operator and developer of collaborative life science, agricultural technology (agtech), and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle. The Company, through its venture capital platform, provides strategic capital to life science, agrifoodtech, climate innovation, and technology companies. Its tenants include multinational pharmaceutical companies; public and private biotechnology companies; life science product, service and medical device companies; digital health, technology, and agtech companies; academic and medical research institutions; United States government research agencies; non-profit organizations, and venture capital firms. It has a Labspace asset base predominantly concentrated in markets with barriers to entry.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
