Rising Realty Partners, typically known for its forward-thinking office investments, is entering the industrial real estate market. It plans to both acquire and operate industrial product.

"We see enormous potential right now within the industrial sector to opportunistically expand our brand and impact investment business model," Christopher Rising, co-founder and CEO of Rising, tells GlobeSt.com. "Industrial real estate is a natural step for expansion given my father's strong track record in the sector while also offering our investors a diversified real estate portfolio."

The firm has hired Scott Word as a principal to lead the platform. In the role, he will oversee industrial acquisition activities. Word has extensive experience leading industrial development and acquisition, completing more than $1.5 billion in value-add industrial and office acquisitions. He has held positions with Landmark Realty Partners, Dvele, Waypoint and Steelwave. "We've known Scott for almost 20 years. He has a strong track record in the industrial space and is exactly what we were looking for in someone to lead this new venture," says Rising.