FRP Holdings, Inc. has completed the acquisition of the business operations and development pipeline of Altman Logistics Properties, LLC, an operating platform of BBX Capital. Altman Logistics holds minority interests in a portfolio of institutional-grade industrial assets at various stages of development, including projects in Lakeland and Broward County, Florida, as well as a contract for the purchase of an industrial land parcel. According to FRP Holdings, this transaction expands the company's industrial platform and talent base by adding an experienced team with proven development expertise, supporting efforts to double net operating income over the next five years and enhancing opportunities for both wholly owned and joint venture projects.