In 2014, RSF Fund V formed a joint venture with KTR Capital Partners to develop a 225,586 square foot build-to-suit industrial project. The $26.4 million development was preleased to Specialty Bakery, a company with a long-term contract with Subway Restaurant to supply frozen bread and cookies for 25% of Subway’s restaurants. KTR and Specialty Bakery are long-standing relationships of RSF’s Principals, which led to the investment.
RSF and KTR Capital Partners completed the facility in October 2014, and Specialty Bakery entered the facility under a 20-year lease. In May of 2015, RSF sold the asset as part of the sale of KTR Capital Partners’ portfolio to Prologis.
3899 Maple Avenue, Suite 250
Dallas, Texas 75219