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The fund has already acquired two properties.
The two plan to invest in 15,000 units.
"Green shoots appear to be emerging," according to Colliers.
First it was dropping, now it's rising. No one can reliably predict where it's going.
The recent cut is spurring investment, reviving key ancillary services and optimism.
The national median rent today is $10 per month cheaper than it was a year ago.
A third of young Americans say hurricanes like Helene will play a role in where they decide to live.
While the industrial vacancy rate climbed in Q3, it's below the 10-year pre-pandemic average.
As a result, average annual rent growth was 4.2%.
The plan is to convert the asset into up to 600 apartment units.