Endurance Announces $140 Million in Industrial Refinancings Across Pennsylvania

Endurance Real Estate Group, LLC ("Endurance") is pleased to announce the successful completion of three separate refinancing transactions totaling approximately $140 million in proceeds involving industrial properties owned and managed by affiliates of Endurance. The refinancings are secured by 15 industrial buildings totaling approximately 2.2 million square feet throughout Pennsylvania's I-78/I-81 Corridor.

The refinancings were completed with three separate capital providers, including a life insurance company for a stabilized 1 million SF warehouse, a national banking institution for a multi-tenant light industrial portfolio, and a bridge lender for the refinancing of a recently completed 234,000 SF speculative warehouse. Each financing structure was tailored to align with the respective business plan and operating profile of the underlying investment

"We are very pleased with the outcome of these loans," said Jared Newman, Partner & Senior Vice President of Endurance Real Estate Group. "Completing these refinancings across multiple lending sources reflects the quality of the underlying real estate, the strength of the tenant base, and continued lender confidence in Endurance's operating platform. In addition to providing flexibility across the assets, these refinancings position the investments for continued execution of their respective business plans and ongoing value creation."

About Endurance Real Estate Group

Endurance Real Estate Group, LLC (www.endurance-re.com), formed in 2002, is a Radnor, Pennsylvania-based real estate owner/developer focused on income and value add industrial opportunities located in the Mid-Atlantic region. Since its formation, the company has acquired approximately $1.8 billion of assets totaling 21 million SF. Endurance currently owns and operates a 48 building portfolio totaling more than 6.13 million square feet, and is currently entitling or developing over 1.4 million square feet of distribution buildings across several projects, varying in sizes from 185,000 square feet up to 777,700 square feet.