Industrial developer LPC Desert West has not changed its acquisition and expansion strategy this year. At the start of the year, LPC Desert West set out regional expansion plans—which includes acquiring properties in Phoenix, Las Vegas and Salt Lake City—and it hasn't made any adjustments to those plans. In fact, the firm has seen market drivers accelerate as a result of the pandemic, strengthening its acquisition goals.

"We planned to roll out a regional expansion in 2020, and the pandemic has not changed that." David Krumwiede, EVP of LPC Desert West. "We have had to operate differently in some ways, like completing initial scouting tours on our phones or having limited time to be in-market and boots-on-the-ground for in-person tours. But overall we've been able to move forward without major hurdles."

The firm's strategy is focused on ecommerce-servicing real estate and logistics properties, which have benefitted from the pandemic, but it has also targeted manufacturing buildings. "The pandemic has accelerated what we had already predicted would be a strong industrial market," says Krumwiede. "That just makes us even more laser-focused on modern logistics and manufacturing buildings."