Minnetonka-based Welsh Property Trust, LLC, announced Thursday that it has received a $200 million credit facility, in the form of a loan, from Five Arrows Realty Securities V, LP.

Five Arrows is an investment fund managed by New York-based Rothschild Realty Managers, LLC, a provider of growth capital to public and private real estate companies.

Welsh said that the company will use the funding to expand its portfolio of properties and grow its services businesses. The company's current portfolio contains both industrial and office buildings throughout the central and eastern United States.

As part of the transaction, Five Arrows' board members John D. McGurk and Andrew M. Silberstein will join Welsh's board of directors, which also includes Dennis Doyle, Scott Frederiksen, and Jean Kane.

Frederiksen will serve as CEO of Welsh, and Doyle-who founded the company and was previously CEO-will be executive chairman of the company's board. Kane will continue to serve as president and chief operating officer.

“Welsh has a long history of success, both as an owner/operator of high-quality real estate and as a client-focused provider of real estate service throughout the central U.S.,” Andrew M. Silberstein, Rothschild Realty Managers' managing director, said in a statement.

Welsh filed a $345 million initial public offering (IPO) in March. The company changed the terms of the offering twice before withdrawing its IPO in July, citing unfavorable market conditions.

Early last month, Welsh filed documents with the U.S. Securities and Exchange Commission stating its intention to raise $83 million through a private offering. At that time, the company said it had raised $3.5 million.