Herb MyersNEW YORK–When Investcorp was evaluating the properties in the 4.5-million-square foot industrial portfolio that it would eventually buy for $300 million, the company looked at all the drivers that made the portfolio tick. “E-commerce, although very significant, is only just a piece of it,” Herb Myers, a managing director in Investcorp's Real Estate Investment team, tells GlobeSt.com. There was the 'last mile' factor and the strong locations of the properties, which are in cities that either have their own good growth story to tell or are strong distribution centers. The fact that the portfolio was not exposed to much new supply.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
