Millennium Realty

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This week brought moves from several firms setting up to take advantage of property buying opportunities likely to come.

Brennan Investment Group, a private real estate investment firm in Chicago, said it launched an initiative to purchase industrial assets up to $500 million in effort to help companies “improve supply chain efficiency” and enter into sale-leasebacks.

"The desire to be ‘asset light’ is a key driver. This liberates new capital for our tenant and also increases the value of the tenant's operating business,” Robert Vanecko, a Brennan managing principal, said in a statement.

Using the Commercial Real Estate Solutions platform, Brennan plans to undertake both single property and multiproperty, multilocation portfolio acquisitions.