Pearlmark Closes on Senior Mortgage Loan for Central Valley Industrial Portfolio

Chicago, IL (February 20, 2026) - Pearlmark announced that it closed on a senior mortgage investment for Central Valley Industrial Portfolio, two industrial assets totaling 389,620 sq. ft. located in Stockton, California. Located near the geographic center of California's Central Valley, the portfolio is situated within one of the nation's most critical agricultural regions, which produces approximately 25% of the United States' food supply, supporting sustained demand for regional distribution, cold storage, and logistics-oriented industrial space.

The investment was originated and structured on behalf of Pearlmark Realty Senior Mortgage Partners I, L.P. ("PRSM I"), Pearlmark's new senior debt fund. The property was acquired by GO Industrial and Landrock. GO Industrial is a developer, owner, and operator of institutional assets throughout the Western U.S., and Landrock is a Chicago-based investment firm.

The first property in the portfolio is a 111,160 sq. ft. warehouse built in 2008, featuring 30-32' clear heights, which can accommodate full or partial-building users. The second asset is a 278,460 sq. ft. industrial facility with both distribution and manufacturing capabilities that features 25' clear heights, ample power (5,100 amps), and 6.4 acres of excess land. The portfolio benefits from its proximity to I-5 and CA-99, which provide access to major urban centers including San Francisco, Los Angeles, San Diego, and Seattle. Additionally, the portfolio has immediate access to key transportation infrastructure, including the Port of Stockton, the BNSF Intermodal Train Yard, and the Union Pacific Intermodal facility.

Kelly Nealis, Senior Vice President of Pearlmark, arranged the transaction. Ms. Nealis commented, "We are excited to provide financing for this Central Valley portfolio. GO Industrial and Landrock bring meaningful industrial expertise, and their thoughtful approach and strong execution capabilities provide a solid foundation for our loan."

Doug Lyons, Managing Principal and Head of Debt Investments for Pearlmark, further commented, "Pearlmark provided fast and flexible acquisition financing for the strong sponsorship team of GO Industrial and Landrock through our new senior lending capability."

About Pearlmark

Pearlmark is a Chicago-based investment firm that targets domestic core-plus to value-add real estate opportunities via commingled funds, separate accounts, and joint venture structures. Since 1996, the Pearlmark team has sponsored more than 15 real estate equity and debt investment programs and completed 612 real estate equity and debt transactions on behalf of investors, representing $6.3 billion in equity capital commitments, $14.7 billion in gross investment value, and 177 originated loans aggregating over $2.3 billion in commitments. Pearlmark is dedicated to creating value for its investors and offers a range of investment opportunities nationwide across various property types (primarily industrial and multifamily). For more information, please visit https://www.pearlmark.com.

About GO Industrial

GO Industrial is an industrial development firm focused on delivering forward-thinking development and workplace strategies for modern industrial users. The firm provides a full suite of services including development management, asset management, and project management, offering an integrated approach from acquisition through disposition. The GO Industrial team has extensive experience navigating complex projects with meaningful challenges, including environmental constraints, entitlement processes, and infrastructure requirements. This expertise has established the firm as a trusted partner for executing ground-up developments and value-add opportunities that require vision, creativity, and disciplined execution. With a focused, hands-on approach to every project, GO Industrial simplifies the development process for its partners while consistently delivering high-quality outcomes. The firm's work reflects its core philosophy: Industrial Unboxed. www.go-industrial.com

About Landrock

Landrock brings entrepreneurial agility, institutional sophistication and a deep, experienced team to middle market real estate investments across the U.S. With an investment heritage beginning in 2007, Landrock invests in high-potential properties using creative structures, including debt, preferred and equity capital. For additional information, please visit www.landrock.com.