News
9606 – Ácies Capital Closes on 9606 – Ácies Fund III, L.P.
Middle-market investment bank Jordan Knauff & Company (JKC) is pleased to announce that 9606 – Ácies Capital (9606 – Ácies or the Company) closed on 9606 – Ácies Fund III, L.P. (the Fund) to finance the acquisition of industrial service and outdoor storage facilities in select cities in the U.S. 9606 – Ácies is a real estate investment firm specializing in value-add industrial outdoor storage and logistics assets. JKC served as the exclusive financial advisor to 9606 – Ácies.
The Fund was formed to capitalize on an investment philosophy within specific, institutionally-overlooked subcategories of logistics real estate that stand at the center of e-commerce growth in the United States. The Fund targets three subcategories of logistics real estate that are critical components of the overloaded “middle mile” and “last mile” of the e-commerce supply chain – flex warehouses, regional distribution centers, industrial outdoor storage, and industrial service facilities. Management plans to aggregate, manage, renovate, and exit a diversified, national portfolio (approximately 10 to 15 properties) located in select cities that serve as local/regional distribution hubs.
The Company strategically chose to employ a value-add investment strategy based on a combination of property-level skills, e-commerce industry know-how, and a diverse network in both the logistics and real estate industries. Value creation is expected to be realized by improving the acquired assets’ operational efficiency and profitability.
Mr. Ned Mahic, one of the firm’s principals primarily engaged in acquisition, financing, and leasing, commented, “We entered the sector at a time when market conditions were very strong. While the market has since softened, this is creating new buying opportunities. Our ability to source deals and execute our value-add strategy allows us to keep investing at attractive prices and build long-term value.”
Mr. G. Cook Jordan, Jr., Managing Principal of JKC, commented, “The rapid growth of e-commerce has caused a required expansion of the e-fulfilment supply chain in the U.S., with a resulting increase in demand for industrially-zoned logistics properties. 9606 – Ácies is well-positioned to take advantage of this market opportunity based on its multi-disciplinary approach to investing. Its principals, Ned, Jingjing, and Alain, each possess a wealth of knowledge and networks in real estate, investing, and e-commerce, respectively. They launched the 9606 – Ácies Fund III, L.P. to scale their past success in mid-market industrial real estate.”
About 9606 – Ácies Management
Mr. Ned Mahic, Executive Chairman and Chief Executive Officer of 9606 – Ácies, is an experienced real estate developer and investor, with more than 20 years’ experience in acquiring, financing, developing, and investing in various real estate properties across North America. Company Chief Investment Officer Ms. Jingjing Zhang, a Harvard Business School graduate and Chartered Alternative Investment Analyst professional, is an experienced institutional investor with more than a decade of experience in alternative investments. Mr. Alain Iskandar, Chief Operating and Technology Officer of the Company, is an experienced executive who brings more than 22 years of experience in e-commerce, business transformation, and media with a proven track record in digital development, marketing, and management of award-winning products and media properties.
About Jordan Knauff & Company
Jordan Knauff & Company is a knowledgeable and experienced provider of a comprehensive line of investment banking services to private companies. Our services include selling companies, raising debt and equity capital, acquisition advisory services, and strategic business services to companies in a variety of industries, including among others, energy logistics and distribution, flow control (pumps, valves, filtration), real estate, and building products and services. Typical transaction sizes range from $10 million to $300 million in total consideration.
Mr. G. Cook Jordan, Jr., Co-founder and Managing Principal, has over 30 years of private equity and investment banking experience, and seven years of executive and operations experience in middle-market companies. JKC’s professional team have spent their careers in the middle-market and offer that expertise and knowledge to their clients. It is their mission to provide the best available transaction advisory services along with in-depth industry specific research to middle-market companies and the entrepreneurs who lead them. For more information, contact Mr. Jordan at 312-925-9123 or cj@jordanknauff.com, or visit the website at www.jordanknauff.com. JKC is a member of FINRA.
Equity Capital Raise
9606 – Ácies
Fund III, L.P.
