ERP Industrials, founded and headquartered in Midland, TX, is a real estate firm that focuses primarily on acquiring cash flowing net-lease industrial properties, specializing in niche markets, which it believes will experience dramatic economic growth over long periods of time, offer ERP a first-mover advantage and, possess unique pricing advantages relative to other markets that are difficult to replicate. The principals of ERP are credited with identifying the energy-prolific Permian Basin as an important real estate investment thesis in 2007. ERP is comprised of approximately 20 professionals that offer unique skills and experiences as well as a history of working together. The team’s first investment in the Permian Basin was made in 2007, when William A. Meyer acquired a 153,400 square foot office building named Independence Plaza located in downtown Midland, TX. In 2010, William A. Meyer II, Mr. Meyer’s son, formed a partnership with a hedge fund based out of Greenwich, CT, to acquire and operate the Fasken Center, a 421,546 square foot office building also located in downtown Midland, TX. ERP, as it is known today, was formally established in 2012, when William A. Meyer, II moved to Midland, TX to build a platform dedicated exclusively to acquiring commercial real estate assets in highly opportunistic markets.