SkyREM Secures $150 Million Credit Facility to Expand Industrial Acquisitions Nationwide
SkyREM, a vertically integrated industrial real estate investment, ownership, development and asset management platform with more than 12 million square feet under management, announced a fully committed $150 million credit facility on Nov. 4 to support an accelerated acquisition strategy targeting modern, mission-critical industrial properties across key U.S. markets. The company is also implementing a selective capital recycling initiative intended to strengthen portfolio quality and support long-term growth.
SkyREM Credit Facility Details
The $150 million facility provides SkyREM with additional liquidity and flexibility to pursue acquisition opportunities, the firm said. It is expected to complement the company's existing capital resources and enhance its ability to execute transactions efficiently.
KeyBank is the lender on the facility, with Truist Bank providing an additional commitment. The facility includes an accordion feature that could increase total commitments to $300 million. Proceeds are intended for acquisitions, build-to-suit opportunities, structured financing transactions and portfolio repositioning.
"We see a compelling opportunity to expand our industrial portfolio at a time when access to capital and certainty of execution are increasingly important," said Alex Dembitzer, Founder of SkyREM. "Our $150 million credit facility, substantial existing capital resources and integrated operating platform allow us to move decisively on attractive opportunities. We are actively pursuing individual assets, portfolios and development opportunities nationwide, and welcome direct discussions with owners and brokers."
Industrial Acquisition Strategy and Recent Deals
SkyREM said its refined investment focus is intended to further concentrate its portfolio on high-quality industrial assets with strong tenant fundamentals. The company will target modern facilities occupied by established tenants, emphasizing mission-critical operations, long-term occupancy fundamentals and strategic locations. It will consider individual asset acquisitions, portfolios, build-to-suit opportunities and structured financing transactions while maintaining a disciplined approach to underwriting.
The firm said it has closed four off-market acquisitions in recent months, which it said reflect its ability to use industry relationships, market expertise and vertically integrated capabilities to identify proprietary opportunities that may not be broadly marketed.
Properties associated with SkyREM's recent acquisition and financing activity include:
- The Confluence, Casa Grande, Arizona: 325,334 square feet across two Class A industrial manufacturing and distribution facilities, acquired in January 2026.
- E-commerce logistics facility, Whitestown, Indiana: 565,560 square feet.
- Distribution center, Logistics Park Kansas City, Kansas City, Kansas: 548,465 square feet.
- Manufacturing headquarters, Mukwonago, Wisconsin: 246,637 square feet.
- Manufacturing facility, Indianapolis area: 500,406 square feet, with the acquisition announced in September 2026.
The five properties total approximately 2.19 million square feet.
Capital Recycling and Portfolio Repositioning
SkyREM is concurrently evaluating selective asset dispositions as part of an ongoing capital recycling strategy, with proceeds intended to support reinvestment in high-quality industrial opportunities. The company said it will remain disciplined in its approach to dispositions, prioritizing long-term value creation over transaction timing.
SkyREM, with offices in New York City and Philadelphia, is a privately funded and managed real estate investment company that invests as a principal for its own account. It owns and operates more than 12 million square feet across approximately 30 properties in 20 major industrial, logistics and trade-gateway markets, together with strategic land holdings and an integrated solar business.
Industrial Market Context
The financing comes as the industrial sector shifts from exceptional pandemic-era conditions toward a more normalized and uneven environment. National industrial vacancy was 7.3% in the second quarter of 2026 according to Colliers, while Lee & Associates reported 7.5% for the same period.
Large-box space has faced greater pressure. Lee & Associates reported vacancy above 9% for large logistics buildings, compared with below 5% for smaller buildings under 50,000 square feet without dock-high loading. National year-over-year industrial rent growth was 1.3%, the lowest level since 2012, and Colliers reported average U.S. warehouse and distribution asking rents down 1.6% year over year to $10.34 per square foot in the second quarter.
Performance varies by market. Vacancy was 10.5% in Phoenix, compared with 4.4% in Cleveland, 4.9% in Detroit and 5.4% in Chicago. U.S. net absorption totaled 44.4 million square feet in the second quarter, bringing first-half absorption to 77.1 million square feet, approximately 30% below the pre-pandemic five-year average. Lee & Associates also reported an average industrial cap rate of 4.8% in the Inland Empire.
Outlook
SkyREM's emphasis on established tenants and mission-critical facilities positions its acquisition program around occupancy durability in a market where vacancy and rent growth vary widely by region and building size. Investment and development inquiries are directed to Jacob Dembitzer and James Pancetti at SkyREM.
Sources
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