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Trinity Street Capital Partners (TSCP), a full service real estate investment bank, announces the origination of a $4MM, 75% loan-to-cost, bridge loan for the acquisition of a state of the art self cold storage facility located in Houston, TX.

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for immediate release

FOR IMMEDIATE RELEASE

For Transaction Inquiries Contact:

Media Relations

media.relations@trinitystreetcp.com

Mr. John Dragone

Managing Director

Trinity Street Capital Partners

65 Broadway- 7th Floor

New York, New York 10006

(212) 671-1044

Trinity Street Capital Partners announces the origination of a bridge loan on a cold storage

facility located in the Houston, TX.

Trinity Street Capital Partners (TSCP), a full service real estate investment bank, announces the

origination of a $4MM, 75% loan-to-cost, bridge loan for the acquisition of a state of the art self

cold storage facility located in Houston, TX.

New York, New York – January 25, 2018 - Trinity Street Capital Partners (TSCP)

(www.trinitystreetcp.com), a full service real estate investment bank, announces the origination

of a $4MM bridge loan for the acquisition of a cold storage facility, located in Houston, TX.

The bridge loan was for 75% of cost, was a Prime Rate based loan, interest only and had an 18

month term. TSCP, marshalling staff and resources, was able meet the buyer's three week

closing time frame, resulting from certain seller tax matters. The facility will be owner occupied

by a frozen food distribution company that services the southeastern United States for various

prominent grocery chains.

Houston is the most populous city in Texas and the fourth-most populous city in the United

States, with a census-estimated 2016 population of 2.303 million. It is also the largest city in the

Southern United States and its economy has a broad industrial base in energy, manufacturing,

aeronautics, transportation, health care and oilfield equipment. Houston has the second most

Fortune 500 headquarters of any U.S. municipality within its city limits (after New York City)

and Port of Houston ranks first in the United States in international waterborne tonnage handled

and second in total cargo tonnage handled. Houston is a global city, with strengths in business,

international trade, entertainment, culture, media, fashion, science, sports, technology, education,

medicine, and research.

cold storage warehouse investment is booming

Cold storage warehouse investment is booming, as demand for e-commerce and online grocery

delivery grows. As grocery chains look to keep up with Amazon Fresh and other online-to-door

food delivery services, by establishing a distribution network to transport perishables, cold

storage units are critical for this objective. Since the global financial crisis, temperature-

controlled warehouse units have benefited from cap rate compression as warehouse values have

skyrocketed, CoStar reports. Currently, market caps in the booming segment range between

7.5% and 8.25%, according to Cushman & Wakefield and recently private equity firms have also

shown a strong interest in the property type. Blackstone Group recently entered into an

agreement with Cloverleaf Cold Storage, in which Cloverleaf plans to restructure the company's

debt with Blackstone's assistance, funded by Goldman Sachs, as reported by CoStar. This is

Blackstone's second attempt to enter the temperature-controlled warehouse sector. It had

attempted a buyout of Americold Corp., the largest cold storage warehouse owner and operator

in the world, in September of 2017, though Americold declined the $3B bid and filed an initial

public offering in order to form a new REIT, Americold Realty Trust.

Trinity Street Capital Partners focuses on non-recourse, high leverage senior & subordinate non-

recourse commercial mortgages, construction loans and real estate private equity, with

investments starting at $5MM on income producing retail, office, industrial, multifamily,

manufactured housing communities, self-storage and hospitality properties located throughout

the fifty states.

For more information about Trinity Street Capital Partners and the services it provides, go to

www.trinitystreetcp.com.