Cobalt Capital Partners

Cobalt Capital Partners began in 2002 as a partnership between Lewis D. Friedland and USAA Real Estate Company to acquire and operate commercial properties throughout the U.S. Previously, USAA and Friedland partnered on a successful aggregation and disposition strategy for American Industrial Properties REIT, a NYSE-listed REIT that was sold in 2001. USAA Real Estate Company has over $3.4 billion in owned and managed assets and provides acquisition, build-to-suit and development services for corporate and institutional investors.

The Cobalt Industrial REIT I is a private REIT managed by Cobalt Capital Partners. The REIT's institutional investors committed $225 million of equity to acquire light industrial properties. Since the REIT's formation in 2005, Cobalt has acquired 12.5 million square feet in nine major metropolitan markets.

The $410-million second equity raise for Cobalt Industrial REIT II was completed in 2007 when Cobalt Industrial REIT I was fully invested. In addition to acquiring, Cobalt II will develop light industrial properties. To date, Cobalt Industrial REIT II has acquired over 15.3 million square feet in thirteen markets.

Learn More About Cobalt's Light Industrial Strategy