NexPoint Expands Life Science Footprint in Philadelphia

Investment Firm Acquires Two Industrial Properties in Philadelphia From Adare Pharma Solutions

NexPoint, a multibillion-dollar alternative investment firm, has acquired two life sciences industrial properties in Philadelphia, in a sale-leaseback deal financed with a commercial mortgage-backed securities loan from KeyBank.

The properties were indirectly acquired by NexPoint Life Sciences II DST, a Delaware statutory trust seeking to raise $42 million from accredited investors via a private placement offering, according to a statement from NexPoint.

The seller, Frontida Biopharm, a company in the Adare Pharma Solutions group, will remain a tenant at the properties, NexPoint said.

*Article courtesy of Costar

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