/

|

Highlights
The Portfolio spans six investments across six states and 2.3 million square feet, for an aggregate sale price of $360 million – an approximate 40% increase over its initial purchase price of ~$262 million less than four years ago.
The Portfolio was sold to take advantage of the robust industrial capital markets and strong property operating fundamentals over its hold period.
Returns for the Portfolio from acquisition in March 2021 are estimated to be 12% Internal Rate of Return (IRR) and a 1.4x Multiple on Invested Capital (MOIC), above projections of 8.5%.