Michael Brennan, co-founder and former president and CEO of First Industrial Realty Trust, has formed Brennan Investment Group (BIG), a new Chicago-based industrial real estate investment firm.
BIG will opportunistically acquire, develop and operate industrial properties in select major metropolitan markets throughout the United States.
The firm's managing principals will co-invest with private and institutional capital, pursuing single asset and portfolio acquisitions, including acquisitions of debt.
"We established Brennan Investment Group at one of the most opportune periods the industrial real estate market has ever seen," said Brennan, who will serve as chairman and managing principal of BIG. "The industrial real estate sector is a large, stable and diversified investment class offering a compelling opportunity for both current income and appreciation."