January 24, 2025

BLAK Cheyenne Industrial is a 56,000-s.f. Class A property built in 2024. This deal faced two significant challenges: The submarket is experiencing substantial expansion — with 8% of existing industrial inventory currently under construction — and the property had low in-place cash flow at the time of underwriting. RRA Capital overcame these hurdles by focusing on the property’s strong long-term potential, supported by its pro forma stabilized debt yield. The lender trusted that potential issues could be proactively mitigated by leveraging the sponsor’s deep market expertise. More