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Recently, the JV spent $18 million on renovations.
The addition boosts its Texas and Sunbelt footprint.
Most of the properties are in the Sunbelt.
Hospitality was the asset class most impacted by distress activity at 7.2% of total sales.
But some fear that people could get too confident.
Faltering economic conditions could make as much as 1.2 billion square feet of office space in CBDs fit for residential use.
Green Street looks at sales in the first half of 2024.
Over 35% of new industrial construction under way consists of massive facilities of one million SF or more.
After cutting 30% of its locations and expanding its small format model, the brand attracts a wider demographic of shoppers.
Net lease owners and developers have to consider the company's staying power.