EJF Capital and North Signal Capital Secure $102 Million Refinancing for RiverPort Industrial Portfolio

News > Real Estate News

Audio By Carbonatix

8:00 AM on Tuesday, September 23

The Associated Press

ARLINGTON, Va.--(BUSINESS WIRE)--Sep 23, 2025--

EJF Capital LLC (“EJF Capital”), in partnership with North Signal Capital LLC (“North Signal”), today announced the successful closing of $102 million in refinancing for RiverPort Buildings 5, 6, and 7, a three building Class A industrial portfolio at RiverPort Commerce Park (“RiverPort”). The portfolio totals 1,324,186 square feet in Hardeeville, South Carolina, within the high growth Savannah, Georgia industrial market.

The refinancing, arranged with Synovus and City National Bank, supports the partnership’s continued expansion in one of the nation’s most dynamic logistics hubs.

Completed in 2023, the state-of-the-art facilities are strategically positioned just 9.5 miles from the Georgia Ports Authority container terminal and 4.5 miles from Interstate 95. Together, the properties represent three of the 10 sites at RiverPort and are currently 87%-leased to a diverse tenant base that includes logistics providers, consumer products distributors, and security system manufacturers.

“We are pleased to complete this refinancing, which underscores the institutional demand for high quality industrial assets in the Savannah market,” said Asheel Shah, Head of Real Estate Development at EJF Capital. “RiverPort is a prime example of the opportunities our real estate platform seeks to develop that align with long-term secular growth trends and deliver value for our investors.”

About EJF Capital

EJF Capital LLC is a global alternative asset management firm headquartered just outside of Washington, D.C., with an additional office in London. As of June 30, 2025, EJF manages approximately $5.5 billion, including $2.9 billion in CDO assets through affiliates. Since its founding in 2005 by Manny Friedman and Neal Wilson, the firm has focused on investment opportunities driven by regulatory change. EJF’s real estate platform, launched in 2018, focuses on ground up development of multifamily and industrial properties and currently includes over $1.3 billion in active projects. To learn more, please visit http://ejfopzone.com and please read additional Risks and Limitations located here.

About North Signal Capital

North Signal Capital LLC is a real estate investment and development firm. North Signal seeks to maximize risk adjusted returns by employing a value-based approach to real estate investing. North Signal targets investments supported by long term secular trends. For more information regarding North Signal Capital LLC, please visit www.northsignal.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20250922780907/en/

CONTACT: Media:

Nathaniel Garnick/Mark Schueler

Gasthalter & Co.

(212) 257-4170EJF Investor Relations:

[email protected]

ejfopzone.com

ejfcap.com

(571) 982-7281

KEYWORD: UNITED STATES NORTH AMERICA VIRGINIA

INDUSTRY KEYWORD: FINANCE PROFESSIONAL SERVICES COMMERCIAL BUILDING & REAL ESTATE ASSET MANAGEMENT CONSTRUCTION & PROPERTY

SOURCE: EJF Capital LLC