CAI Investments, a property manager/developer and private placement sponsor, has fully subscribed its Delaware statutory offering, CAI Investments Coatesville DST, comprised of a specialized industrial facility located in Coatesville, Pennsylvania. The private placement offering raised nearly $18.7 million from accredited investors.
The 152,900-square-foot Coatesville facility sits on roughly 20 acres of land and is leased to logistics company Martin-Brower, which services more than 500 McDonalds and 90 Chick-Fil-A quick service restaurants.
In other company news, CAI Investments recently purchased Harrah’s Reno Hotel and Casino for $50 million in partnership with an opportunity zone fund sponsored by Gryphon Private Wealth Management.
Headquartered in Las Vegas, CAI Investments is a vertically integrated real estate development company that finances, develops and manages commercial properties in what it deems as key markets across the United States. Past and current development activities include relationships with brands such as Walgreens, Marriott, Starbucks, Chick-Fil-A, Kimpton/IHG, The Learning Experience, Del Taco, and Whole Foods.