-

Barings Provides $244 Million Financing on 10-Building Industrial Portfolio in Logistics Park Kansas City in Edgerton, KS

CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings, one of the world’s largest diversified real estate investment managers, announced today that it has provided a $244 million loan to refinance a portfolio of 10 warehouse & distribution facilities totaling 6.4 million square feet in Logistics Park Kansas City, Edgerton, Kansas.

The portfolio is owned by a joint venture between an Ares Management Real Estate fund (“Ares”) and NorthPoint Development. Developed between 2014 and 2017, the buildings feature concrete tilt-panel construction with an average 35-foot clear-height and 706 dock doors. The portfolio is currently 93% leased to a collection of premier tenants such as Amazon, Stanley Black & Decker, Sam’s Club, Assa Abloy, and Smart Warehousing.

“We are excited to continue our partnership with Ares and NorthPoint Development for the refinancing of these Class A facilities in a strong industrial market,” said Steve Murray, Managing Director with Barings. “This opportunity is closely aligned with Barings’ real estate debt strategy, focused on investing in high-quality real estate in dynamic markets, backed by experienced sponsorship.”

All 10 properties offer immediate access to BNSF Railway’s state-of-the-art intermodal rail facility. “These assets are uniquely positioned to benefit from Kansas City’s healthy market fundamentals with the strategic location in NorthPoint’s world-class inland port,” said Daniel Hedgepeth, Director with Barings.

This transaction expands Barings’ $28.4+ billion* real estate debt platform, which leverages the team’s broad direct origination capabilities and deep credit expertise to invest in loans secured by institutional-quality commercial real estate.

About Barings

Barings is a $406+ billion* global asset management firm that partners with institutional, insurance, and intermediary clients, and supports leading businesses with flexible financing solutions. The firm, a subsidiary of MassMutual, seeks to deliver excess returns by leveraging its global scale and capabilities across public and private markets in fixed income, real assets and capital solutions.

*Assets under management as of March 31, 2024

Contacts

mediarelations@barings.com

Industry:

Barings

Release Versions
English

Contacts

mediarelations@barings.com

More News From Barings

Barings Supports The Edgewater Funds Growth Investment in Parker Manufacturing Group

CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings, one of the world’s leading alternative asset managers, announced today that it served as lead agent of senior secured credit facilities to support The Edgewater Funds’ (“Edgewater”) acquisition of Parker Manufacturing Group ("Parker”). Parker is a leading manufacturer of highly engineered precision fasteners serving the aerospace & defense, semiconductor capital equipment, and general industrial end markets. The investment advances Edgewater’s stra...

Barings Global Short Duration High Yield Fund Announces August 2026 Monthly Distribution of $0.1223 per Share

CHARLOTTE, N.C.--(BUSINESS WIRE)--The Barings Global Short Duration High Yield Fund (the “Fund”) (NYSE: BGH) announced its monthly dividend for August 2026 of $0.1223 per share, payable on September 1, 2026. Based on the Fund’s July 31, 2026 share price of $14.03 per share, the dividend represents an annualized yield of 10.46% per share. Based on current projections through the payable date, the Fund expects that this dividend will be comprised of net investment income. In addition, the Fund an...

Barings Supports Investcorp in its Acquisition of Berger Financial Group

CHARLOTTE, N.C.--(BUSINESS WIRE)--Barings, one of the world’s leading alternative asset managers, announced today that it served as lead agent of senior secured credit facilities to support Investcorp in its acquisition of Berger Financial Group (“Berger”). Berger Financial Group is a Registered Investment Advisor (“RIA”) with more than $3 billion in assets under management, providing financial & retirement planning, portfolio management, and tax planning services to more than 3,800 clients...
Back to Newsroom