A global pandemic didn't stop ElmTree Funds from ploughing capital in its favored asset class last year.
The company reports that it has deployed more than $1.5 billion in capital over the last year in various industrial net lease build-to-suit assets leased to investment-grade tenants located across the United States.
"We believe there is currently a void for newly constructed, well-located last-mile facilities for large corporations looking to quickly grow their supply chains and meet consumer demand for shorter delivery times," James Koman, CEO and founder of ElmTree, told GlobeSt.com. "As a result, we expect to see major growth in last-mile facilities throughout the U.S. over a long-term horizon."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
