June 30, 2025

Barings Provides $136 Million Financing on Two Industrial Projects for Outrigger Industrial in Atlanta, GA and Houston, TX

Barings, one of the world’s largest diversified real estate investment managers, announced today that it has provided a $96.96 million loan for Generation Park I & II in Houston, Texas and a $39.5 million loan for Falcon II in Oakwood (Atlanta), Georgia to refinance these newly built industrial properties. Owned by Centris Industrial, Inc. and externally managed by Outrigger Industrial (“Outrigger”), these projects recently completed and are in various stages of lease up.

“We’re excited to provide these financings for Outrigger and look forward to deepening our partnership with Outrigger’s management team, expanding on their decades of success in the development and operation of industrial and logistics assets,” said Tom Cross, Managing Director for Barings. “Both Houston and Atlanta are dynamic markets with new supply being curtailed and absorbed.”

The properties were built to modern specifications in strong distribution and logistics markets to accommodate a wide range of tenants. Generation Park I & II consists of two buildings totaling 1.28 million SF and Falcon II consists of three buildings totaling 496,195 SF.

Steve Roth and Bill Jurjovec of CBRE advised the sponsorship on the financing.

This transaction expands Barings’ 23.79+ 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 $442+ 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.

*As of March 31, 2025

About Outrigger Industrial, LLC
Outrigger Industrial, LLC is a joint venture partnership between co-owners and managing members of PTLR, LLC (Podboy, Trinkle, Lu, and Rowley) and co-owners and investment firms Davidson Kempner Capital Management and Monarch Alternative Capital. Outrigger Industrial is strategically designed to invest in and develop industrial opportunities including ground-up development and value-add projects across the United States. The company is focused on infill and other high barriers to entry submarkets in major cities which exhibit strong macroeconomic and real estate fundamentals. Outrigger Industrial has offices in Chicago, Los Angeles, Houston, Atlanta, Philadelphia, and Columbus.  For more information, please visit www.outriggerindustrial.com.

About Centris Industrial
Centris Industrial ("Centris") is an externally managed private real estate investment trust (REIT), comprised of investment funds advised by Davidson Kempner Capital Management LP (“Davidson Kempner”), Monarch Alternative Capital LP (“Monarch”) and Long Pond Capital LP (“Long Pond”). The REIT was created to strategically invest in ground-up industrial and logistics projects across the United States.  For more information, please visit www.centrisindustrial.com.

About CBRE
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com. 

Contact
MediaRelations@barings.com

Important Information

The document is for informational purposes only and is not an offer or solicitation for the purchase or sale of any financial instrument or service in any jurisdiction. The material herein was prepared without any consideration of the investment objectives, financial situation or particular needs of anyone who may receive it. This document is not, and must not be treated as, investment advice, an investment recommendation, investment research, or a recommendation about the suitability or appropriateness of any security, commodity, investment, or particular investment strategy, and must not be construed as a projection or prediction.

In making an investment decision, prospective investors must rely on their own examination of the merits and risks involved and before making any investment decision, it is recommended that prospective investors seek independent investment, legal, tax, accounting or other professional advice as appropriate.

Unless otherwise mentioned, the views contained in this document are those of Barings. These views are made in good faith in relation to the facts known at the time of preparation and are subject to change without notice. Individual portfolio management teams may hold different views than the views expressed herein and may make different investment decisions for different clients. Parts of this document may be based on information received from sources we believe to be reliable. Although every effort is taken to ensure that the information contained in this document is accurate, Barings makes no representation or warranty, express or implied, regarding the accuracy, completeness or adequacy of the information.

Any forecasts in this material are based upon Barings opinion of the market at the date of preparation and are subject to change without notice, dependent upon many factors. Any prediction, projection or forecast is not necessarily indicative of the future or likely performance. Investment involves risk. The value of any investments and any income generated may go down as well as up and is not guaranteed by Barings or any other person. PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

Any service, security, investment or product outlined in this document may not be suitable for a prospective investor or available in their jurisdiction.

Copyright and Trademark

Copyright ©2025 Barings. Information in this document may be used for your own personal use, but may not be altered, reproduced or distributed without Barings’ consent. The BARINGS name and logo design are trademarks of Barings and are registered in U.S. Patent and Trademark Office and in other countries around the world. All rights are reserved.

This document is issued in Australia by Barings Australia Pty Ltd (ACN 140 045 656, AFSL 342787).