Jul. 10 at 10:11 PM
$STWD Fundamental Income Acquires
$22.85 Million Diamond Power Facility Near Columbus - Fundamental Income has acquired the Diamond Power manufacturing facility in Lancaster, Ohio, near Columbus, for approximately
$22.85 million. The property includes about 483,000 square feet of industrial space across three buildings on roughly 51 acres. Diamond Power, now owned by ANDRITZ, uses the site to manufacture boiler-cleaning and industrial equipment. The purchase fits Fundamental Income’s strategy of acquiring mission-critical, single-tenant properties under long-term net leases. For Starwood Property Trust, which acquired Fundamental Income in 2025, the deal adds another income-producing industrial asset, although it is not large enough to materially change overall earnings.
