SkyREM Secures $150 Million KeyBank Credit Facility to Expand U.S. Industrial Portfolio

NEW YORK — Sept. 21, 2026 — SkyREM has closed a $150 million credit facility led by KeyBank to support the continued expansion of its U.S. industrial real estate portfolio, the company announced Monday. Truist Bank provided an additional commitment to the facility, which includes an accordion feature allowing total commitments to increase to $300 million.

Facility Structure and Lender Roles

KeyBank served as lead arranger and administrative agent on the transaction. The facility is designed to enhance SkyREM's liquidity and acquisition capacity, giving the company flexibility to move on investment opportunities across major U.S. industrial, logistics and trade-gateway markets.

"This $150 million credit facility significantly expands SkyREM's capacity to execute on our acquisition strategy," said Alex Dembitzer, Founder of SkyREM. "We continue to see attractive opportunities to acquire mission-critical industrial assets across the U.S., and this facility provides us with the capital flexibility and certainty of execution to move quickly when those opportunities arise. We appreciate KeyBank's confidence in SkyREM and look forward to continuing to grow the relationship."

Christopher T. Neil, Senior Banker, Institutional Real Estate at KeyBank, said the bank was pleased to lead the facility. "SkyREM has built a strong industrial real estate platform with a disciplined investment approach and a clear strategy for continued growth," Neil said. "We are pleased to lead this credit facility and expand our relationship with SkyREM by providing the financial flexibility and capacity to support the company as it continues to scale its portfolio across the United States."

Rebecca M. Cox, Senior Vice President and Market Manager at Truist National Real Estate, noted the firm's role in supporting SkyREM's long-term growth. "SkyREM has grown its industrial platform by executing a focused strategy supported by market insights and strong partners," Cox said. "Working with SkyREM as it expands its portfolio and executes on opportunities across the country demonstrates the scale and capabilities Truist can bring clients pursuing long-term growth."

SkyREM Platform and Portfolio Context

SkyREM is a vertically integrated industrial real estate investment, ownership, development and asset management platform with offices in New York City and Philadelphia. The company owns and operates in excess of 12 million square feet, comprising approximately 30 properties across 20 major industrial, logistics and trade-gateway markets, along with land holdings and an integrated solar business. The firm reports more than $1 billion in assets under management.

SkyREM's portfolio spans a range of logistics corridors, port-adjacent markets and manufacturing hubs. Properties in the portfolio include a 325,334-square-foot industrial manufacturing and distribution complex in Casa Grande, Arizona; a 565,560-square-foot e-commerce logistics facility in Whitestown, Indiana; a 548,465-square-foot distribution center at Logistics Park Kansas City in Kansas City, Kansas; a 246,637-square-foot manufacturing headquarters in Mukwonago, Wisconsin; a 1,016,041-square-foot industrial facility in Macon, Georgia; a 647,496-square-foot industrial property in Savannah, Georgia; a 485,000-square-foot facility in Oshkosh, Wisconsin; a 330,000-square-foot property in Dubuque, Iowa; a 315,000-square-foot industrial building in Wall Township, New Jersey; and a 157,000-square-foot industrial and flex property in King of Prussia, Pennsylvania.

The company's vertically integrated platform encompasses investment, acquisitions, ownership, development and asset management, enabling SkyREM to manage properties throughout the ownership lifecycle.

Recent Capital Activity and Acquisition Strategy

The new facility is the latest in a series of debt capital transactions SkyREM has executed across its platform. In September 2026, JLL arranged $101.8 million in financing from CIBC for a four-property industrial portfolio totaling 1,916,451 square feet across the East Coast and Mid-Atlantic region. That portfolio is 100% occupied by six tenants with a weighted average lease term of more than six years. Separately, SkyREM previously refinanced a 2.5-million-square-foot industrial portfolio with $170 million of debt spread across seven states.

In January 2026, SkyREM acquired two Class A industrial manufacturing and distribution facilities totaling 325,334 square feet in Casa Grande, Arizona, as part of a series of acquisitions totaling approximately 1.7 million square feet of similar assets. Those purchases were backed by two acquisition lines of credit and capital recycling from dispositions.

In September 2025, SkyREM announced the acquisition of approximately 1.4 million square feet of industrial real estate across three Midwest locations — the Whitestown, Indiana logistics facility; the Kansas City distribution center; and the Mukwonago, Wisconsin manufacturing headquarters — all of which were 100% occupied under long-term leases at the time of acquisition.

SkyREM's stated acquisition focus targets high-quality, mission-critical manufacturing, logistics and distribution properties in select markets throughout the United States. The accordion feature on the new facility, which allows total commitments to reach $300 million, provides a path to expand the company's committed capital base as additional acquisition opportunities are identified.

About the Lenders

KeyCorp, the parent of KeyBank, is headquartered in Cleveland, Ohio, and reported approximately $191 billion in assets as of June 30, 2026. KeyBank operates approximately 950 branches and approximately 1,100 ATMs across 15 states and provides corporate and investment banking products through its KeyBanc Capital Markets business. KeyBank is a member of the FDIC.

Truist Financial Corporation, traded on the NYSE under the ticker TFC, is headquartered in Charlotte, North Carolina, and reported total assets of $556 billion as of June 30, 2026. Truist Bank is a member of the FDIC and an Equal Housing Lender.