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Former First Industrial Realty CEO launches industrial real estate investment firm

Michael W. Brennan, former President and CEO of First Industrial Realty Trust (NYSE: FR), recently announced the launch of Brennan Investment Group LLC, a privately held industrial real estate investment firm based in Chicago.

Brennan Investment Group 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 and pursue single asset and portfolio acquisitions as well as debt acquisitions.

“We established Brennan Investment Group at one of the most opportune periods the industrial real estate market has ever seen,” said Brennan, chairman and managing principal of Brennan Investment Group, in a statement.

“The industrial real estate sector is a large, stable and diversified investment class offering a compelling opportunity for both current income and appreciation,” Brennan continued. “Our firm will use a disciplined investment approach to strategically exploit investment opportunities.”