The partnership just made its first purchase, a more than 95,000-square-foot industrial property in Grand Prairie. The building is 90% leased to multiple tenants.
PHP Capital and CapRock Partners plan to buy more properties in Dallas-Fort Worth, Houston, Austin and San Antonio. PHP Capital Partners was set up last year and has already acquired about 900,000 square feet of real estate in North Texas, San Antonio and Houston.
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