BoyarMiller Represents Welcome Group in Securing $200.6 Million Credit Facility
HOUSTON (August 11, 2019) – BoyarMiller provided legal counsel to Houston-based Welcome Group, a single-tenant industrial owner and development firm, in obtaining a $200.6 million credit facility through Global Atlantic Financial Group for a portfolio of 18 single-tenant industrial properties in Texas. Welcome Group owns more than 85 industrial buildings in Texas, comprising about 4,000,000 leasable square feet.
The funding, arranged through JLL Capital Markets, increases Welcome Group’s leverage and enables the company to gain 100 percent ownership in the properties. The Class A portfolio is fully leased and totals 1.7 million square feet of single-tenant industrial/office/laboratory space in Houston, Austin, Dallas and San Antonio.
Welcome Wilson Jr., President and CEO of Welcome Group, and Ralph Fite, Director of Finance, represented their firm in the seven-year credit facility.
The BoyarMiller team included: co-founding Shareholder Bill Boyar, Senior Associate Cyrus Chin and Associate Alex Parker.
“We were so pleased to assist our long-time client with this important funding acquisition that was essential for their total ownership of these Class A portfolio properties,” said Boyar.
BoyarMiller provides strategic counsel to its clients, working to secure financing and develop the capital structure needed to increase the value of their businesses. More information about BoyarMiller’s corporate finance practice is available here.
BoyarMiller is a mid-size Houston-based law firm that advances client business goals by bringing new possibilities into focus with confidence and clarity to achieve extraordinary outcomes. Since 1990, we have been providing practical and smart business solutions. Our firm is comprised of two practice groups—business law and litigation—and we serve multinational companies, middle-market businesses and entrepreneurs in need of collaborative and strategic representation. See boyarmiller.com for more information.