Arkansas firm Tempus Realty Partners crosses $1 billion investment threshold

An Arkansas-based real estate investment firm recently hit the $1 billion milestone, the company’s CEO said.

Tempus Realty Partners of Little Rock surpassed the number with a $7.6 million deal that closed on Tuesday (April 30) in Elkton, Md. The 94,871-square-foot industrial building is leased to Micropore Inc., a reactive plastics manufacturer.

“We are immensely proud to announce Tempus’ latest achievement — a strategic $7.6 million industrial acquisition that has propelled our total investments to cross the $1 billion mark,” said Dan Andrews, Tempus Realty Partners’ managing partner and CEO. “As we continue to expand and grow, we remain focused on delivering exceptional value for our investors.”

Andrews said the industrial sale-leaseback in Maryland features state-of-the-art facilities ideal for the tenant’s cutting-edge manufacturing process. Micropore packages fine powder chemistries into solid absorbent cartridges that absorb carbon dioxide in rebreathing and life support systems for commercial, medical and military applications worldwide.

Tempus, formed eight years ago, focuses on acquiring and developing commercial real estate in the South, Southeast and Midwest. The company’s portfolio includes 105 commercial real estate properties in over 25 states.

Before spearheading Tempus, Andrews was the chief executive of Dale Capital Partners, an investment services firm in Little Rock.

“There’s a group of us that have been working in real estate together informally, as part of various groups, for several years, going back two decades,” Andrews said. “We’re very like-minded about how we do things, so we got together in late 2015 to do that in a more formal way on a full-time basis.”

Other partners in the company include:

• Mark Saviers
• Isaac Smith
• Kevin Huchingson
• Craig Vick
• Clay Ramey
• Brad Runsick

Andrews recalled Tempus’ initial investment fund in 2016 — a few million dollars across three properties.

“We’re now [investing] a couple hundred million annually and continuing to accelerate,” he said. We’ve had several hundred [investors] join alongside us.”

Andrews said Tempus’ business model includes a core investment group that has been involved since the first deal. Most new investors come on board through word-of-mouth networking about Tempus’ investment returns and face-to-face conversations.

“Most people don’t put large sums of money into investments in a piece of real estate with somebody they don’t know,” he said. “We do a lot of relationship-building and making introductions.”

Tempus touts numerous financial successes on its website, and the investment portfolio’s two Arkansas crown jewels reside in Rogers (Uber Freight) and Conway (Westrock Coffee Co.).

The $70 million Westrock facility is unique in the Tempus portfolio — it was a development project rather than an acquisition. The production and distribution facility was “fast-tracked” after being announced in January 2023, and construction finished in late December 2024. The project consists of a 530,000-square-foot industrial facility built on 30 acres. The building features a 36-foot clear height, a 13,000-square-foot mezzanine office, 100,000 square feet of air-conditioned production area, extensive power distribution, and an exterior enclosed machine room.

Tempus led the development team with Clark Contractors, Lewis Architects, Engineering Consultants and Build Nimble/Colliers Arkansas as construction managers.

Andrews said the project has already paid dividends.

“We were able to attract some new investors when they saw that deal,” Andrews said. He also touted Saviers’ leadership in accelerating the construction schedule and bringing the project to the finish line.

Saviers, a former partner at Sage Partners, is one of Arkansas’ most experienced commercial real estate executives.

“Mark has a ton of development experience, and he did a fantastic job leading a project on a very tight timeframe,” Andrews said. “He brought it home not only on time but under budget. We’re very fortunate to have him on our team.”

Andrews said if Tempus continues to identify investments that benefit tenants and investors, the company will continue its accelerated growth path.

“If we can continue to do that, it’ll be a successful part of our future,” he said.