Demand and value in industrial properties continue to trend at positive—if not, unprecedented—levels, giving reason for investment and management of this segment to flourish.
The latest example: Industrial Logistics Properties Trust is adding six industrial properties to its existing joint venture with institutional investors for an aggregate price of approximately $206 million.
The properties are 100% leased for a weighted average remaining lease term (by annualized rental income) of 4 years and total 2.5 million square feet. They are located in Goodyear, Ariz., Memphis, Tenn.; Southaven, Miss.; and Columbus, Ohio.
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