"Looking ahead, most management teams expressed guarded optimism" about the economic and operating outlook as the economy re-opens slowly and the COVID-19 pandemic eases to some extent, Mizuho reported.

"Our vision is to bring advanced technology to the warehouse industry so we can reinvent the business, similar to what Airbnb created in one of the world's largest marketplaces for unique, authentic places to stay," Warehouse Exchange CEO Grant Langston said.

"There has never been a more important time than now to prudently and actively manage your property's expenses," a Trepp research report said

"Private real estate has historically delivered low volatility and strong diversification benefits," the Black Creek Group said.

Southpoint Acquisition, an indirect wholly owned subsidiary of the Starlight U.S. Multi-Family (No. 1) Core Plus Fund, said it has purchased Southpoint unencumbered for a purchase price of $51.5 million.