Sealy & Company, a fully-integrated commercial real estate investment and operating company and recognized leader in the industrial real estate market, assessed the impact of Hurricane Harvey on the company’s assets in the greater Houston MSA. In total Sealy currently owns, manages, and leases just over 1 million SF of industrial property in Houston. Upon initial inspection only two spaces representing 50,000± SF showed minimal carpet water damage with the remainder of the portfolio unaffected by the storm. The 1,015,029 SF of Houston properties represent 5.76% of the current portfolio owned on behalf of Sealy Strategic Equity Partners, L.P. (SSEP).
We at Sealy are very proud of our Texas roots. The unprecedented devastation wrought by Hurricane Harvey on this market and its residents has been terrible to witness. Our thoughts are never far from those affected. We have been in constant contact with our Houston colleagues to ascertain their status and ensure their well-being during this great ordeal. We have also been working with our tenants in the affected areas, to ensure that their needs are being met and to offer them support in the wake of this storm. As a firm, we will stand up and do what we can, as we have in the past, to support those affected and assist in their recovery.
“Sealy is delighted to report that all Houston based employees in the area are accounted for and safe at this time. Our thoughts and best wishes go out to not only our employees and tenants, but everyone impacted by this devastating storm. We will continue to look for ways to support our team, our tenants, and the people in the communities we serve.” stated Derrick Jones, Regional Director.
For more news and information regarding Sealy & Company, please visit the company’s website at www.Sealynet.com.
About Sealy & Company
Sealy & Company, a fully-integrated commercial real estate investment, and operating company, is a recognized leader in acquiring, developing, and redeveloping regional distribution warehouse, industrial/flex, and other commercial properties. Sealy provides a full-service platform for high-net-worth individuals and institutional investors through our development, management, and brokerage divisions.Sealy & Company has an exceptional team of over 100 employees, located in five offices, with corporate offices in Dallas, TX and Shreveport, LA.