Welcome Group, LLC, a Houston, Texas-based full-service real estate development company, is to receive up to $300m of growth capital from an investment fund managed by Almanac Realty Investors.
The company will use the proceeds to expand its investment platform and portfolio of primarily industrial and office assets in Texas.
Led by Welcome Wilson, Jr., President & CEO, and Craig G. Wilson, Executive Vice President & Chief Operating Officer, Welcome Group is a full-service single-tenant industrial owner and development firm, which currently owns over 85 industrial buildings in Texas comprising of approximately four million square feet. Welcome Group specializes in single-tenant office, lab, industrial and manufacturing facilities, and offers Build to Suit and Sale-Leaseback services for new properties.
The company has developed more than 250 single-tenant properties.
Clients include Fortune 500 Companies, locally owned, and a number of international companies.