Simi Capital buys 359,000-square-foot Houston industrial portfolio

Simi Capital has entered Texas with a three-property, 359,000-square-foot small-bay industrial acquisition in northwest Houston, a joint venture with Decker Capital. The deal gives both firms their first Texas transaction and adds a foothold in one of the country’s largest industrial markets.

Why it matters: - The acquisition expands Simi Capital into Texas, a major industrial market with deep tenant demand. - The portfolio targets small-bay users that often have fewer options in large-format industrial inventory. - The transaction gives Simi Capital and Decker Capital an entry point in Houston while broadening Simi Capital’s national industrial platform.

What happened: - Simi Capital acquired a three-property, approximately 359,000-square-foot small-bay industrial portfolio in northwest Houston. - The deal was completed in a joint venture with Decker Capital. - The transaction is the first Texas acquisition for both Simi Capital and Decker Capital. - The financing came from Sapphire Industrial Lending.

The details: - The portfolio includes 5829 West Sam Houston Parkway North and 600 Sam Street in Houston, plus 18307 West Little York Road in Katy. - The assets are multi-tenant industrial properties configured primarily as small-bay warehouse suites of about 2,500 square feet. - The buildings also include functional office finish. - The properties serve local and regional users, including trades, distributors, e-commerce businesses and service companies. - Simi Capital said the portfolio will be improved through leasing available suites and active asset management. - Simi Capital plans to use its AI-enabled asset management platform to streamline property operations, support leasing and enhance the tenant experience. - Sapphire Industrial Lending’s financing was led by Chaim Friedman, director of lending operations.

Between the lines: - The deal fits a broader push by Simi Capital to grow its small-bay industrial footprint in new markets. - Houston’s small-bay segment appears to be the strategic draw because of diversified demand and an established tenant base. - Decker Capital’s focus on small-bay industrial suggests the partnership is aimed at operational repositioning as much as ownership. - The emphasis on tenant experience and asset management signals a value-add strategy, not a passive hold.

What's next: - The joint venture plans significant improvements across the portfolio. - The partners will continue leasing available suites and working the properties through active management. - Simi Capital said it expects this to be the first of many Texas transactions. - The acquisition adds to Simi Capital’s portfolio of more than 20 properties across more than eight states since its founding in 2018.

The bottom line: - Simi Capital is using the Houston buy to establish a Texas presence and extend its small-bay industrial strategy into another high-demand market.