SkyREM Secures $170M Industrial Portfolio Financing and Completes Key Asset Sale

With the opening of 2025, SkyREM is delighted to share news of its most recent achievements including partnering with JLL to refinance a 10-property industrial portfolio, and the successful sale of our property in PA.

JLL industrial portfolio financing

Represented by JLL Capital Markets, a leading global commercial real estate and investment management company, a five-year loan through Apollo had been successfully secured and fixed. Totaling $170 million across approximately 2.5 million square feet of a 10-building collection of strategically located properties, the portfolio predominantly encompasses industrial and warehouse distribution properties spread across multiple regions in the United States.

The properties’ locations benefit from strong labor markets, low unemployment rates, and positive population growth, and are leased to 15 diverse tenants with an average lease term of 8 years. Occupied by various industries including technology, manufacturing, warehousing, logistics, aerospace, and government, the tenants enjoy a prime and flourishing market that ensures long-term support.

The JLL Debt Advisory team included Managing Director Peter Rotchford, Senior Director Lucas Borges Executive Managing Director Riaz Cassum, and Senior Managing Director Steven Binswanger.

“We are thrilled to expand and diversify our lending partnerships with such a trusted institution like Apollo. We want to thank the JLL team for facilitating the multi-asset financing and look forward to working with them on many more transactions in the future,” said Alex Dembitzer, Founder of SkyREM.

Oxford Court sale

SkyREM is thrilled to announce another successful sale of the recently renovated Oxford Court. Measuring at an impressive 152,310-square-foot, the property is a nine-building medical office/ office campus. Located in Langhorne, PA near U.S. 1 & I-295, adjacent to Oxford Valley Mall and Jefferson Health, Bucks Campus, the campus stands in one of the fastest developing communities in Pennsylvania, serving as the commercial hub for Lower Bucks County.

“We believed it was the opportune time to exit this property, which is in line with our short-term goal to dispose of non-core assets,” said James Pancetti, Vice President at SkyREM. “The sale of Oxford Court, along with the sale of other non-core assets, allows us to concentrate on our investing business in larger mission-critical industrial assets throughout the United States”.

Michael Margolis of Newmark and Brian Geis of Geis Realty represented SkyREM in the transaction.