Rycore Capital Acquires 145,000 SF Small Bay Industrial Park in Southwest Houston

(HOUSTON, TX) - Rycore Capital has closed on the acquisition of Point West Business Park, a 144,810 SF small bay industrial park in Houston's Southwest Outer Loop. The three-building property is located at 10161-10175 Harwin Drive.

Point West has averaged 92% occupancy over the past five years, reflecting strong tenant demand for its small-bay suites, and the property sits in one of Houston's tightest industrial submarkets. Rycore plans to grow cash flow by bringing below-market rents to market as leases roll and making targeted improvements to reposition suites for today's small-bay tenants.

"Point West is a great way to close out a very busy year for Rycore," said Sydney Wright, Director at Rycore Capital. "This acquisition pairs durable in-place cash flow with a clear path to value creation. The property has a long track record of stable occupancy, and its small-bay suites serve exactly the type of tenants driving demand in Southwest Houston. With rents below market and a well-defined repositioning plan, we see meaningful upside that we can unlock through hands-on leasing and operations."

About Rycore Capital LP
Rycore Capital LP (the "Firm") is a Houston-based real estate investment manager focused on acquiring, leasing and managing income producing properties that deliver superior real estate solutions to our tenants while providing our investment partners with some of the most consistent value-add, core-plus and core returns. The Firm aims to provide a solution with its institutional quality real estate investment management process to high net worth, family office and institutional investors. For more information regarding Rycore, visit the Company's website at www.rycorecapital.com.