PRP Real Assets Purchased Montgomery Distribution Hub
The firm acquired a 459,680-square-foot facility for $66.5 million while planning a major expansion.
Updated on Sept. 22, 2026 in Commercial
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PRP Real Assets has completed the purchase of a 459,680-square-foot distribution centre in Montgomery, Alabama. The facility currently serves as a critical redistribution hub for service parts for Hyundai, Kia, and Genesis.
Why it matters
The acquisition aligns with PRP Real Assets mission-critical net lease investment strategy. The company has also committed $30 million to expand the site's footprint by over 240,000 square feet.
The distribution centre spans 459,680 square feet on a 60-acre plot and is currently under a 14-year lease with Hyundai. The planned expansion will add more than 240,000 square feet to the facility footprint.
The players
PRP Real Assets
This investment firm specializes in acquiring and managing mission-critical net lease properties.
Hyundai
The automotive manufacturer uses the Montgomery site as a hub for its service parts redistribution.
The details
The Montgomery-based facility functions as a central redistribution point for service parts utilized by Hyundai, Kia, and Genesis. PRP Real Assets secured the property as part of its strategy to acquire long-term, mission-critical net lease assets.
Timeline
PRP Real Assets announced the acquisition on September 22, 2026.
Culture Shift
This investment follows the broader industry trend of the surge in demand for mission-critical net lease logistics assets, which has accelerated as automakers optimize their regional supply chain networks. The move highlights how institutional capital is increasingly targeting logistics infrastructure to support long-term automotive service requirements.
The facility expansion will likely influence regional employment opportunities and supply chain logistics for the local automotive sector. Residents and businesses may see increased activity at the site as the footprint grows by 240,000 square feet.
The takeaway
Securing long-term leases with major automotive brands provides investors with stable, mission-critical revenue streams. Expansion projects like this one demonstrate the ongoing necessity for infrastructure investment to meet service parts demand.
Further reading
For more information on industrial property trends in the region, visit Montgomery Commercial.
Source note: This article includes information reported by Real Assets.
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