Rising Realty Enters Industrial Market

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.

The company will focus on value-add industrial investments. “We see opportunities to acquire core-plus, and reposition industrial investments in the Western US industrial markets, including Texas, that fit Rising’s impact investment platform,” says Word. “Presently, we are focusing on markets with less capital formation, and high-quality distribution assets with current cash flow.”

While Rising is entering the industrial market, it says that this new strategy will not impact the office strategy. “We believe in the long-term prospects of the office sector throughout the Western United States and are actively seeking opportunistic investments,” says Rising.

While Rising has a successful track record in the office market, industrial has become a highly competitive sector. This is particularly true following the pandemic, which has driven growth in the industrial sector. “The Rising brand has incredible pedigree, heritage, and track record not to mention our brokerage relationships run deep at every level of the organization including my own career, which started in industrial brokerage,” says Word. “We recognize there is a lot of competition in this sector, and welcome the opportunity to compete.  We are aligned with great capital partners that have a significant appetite for industrial assets, so we are prepared to be aggressive, and use our relationships to get our fair share of opportunities.”