As investors who focus exclusively on industrial real estate, we are an integral part of a relatively small community. We understand that our reputation is more valuable than any transaction and we work hard to uphold high standards of ethics and professionalism.

Philosophy

Focus: We have a highly focused strategy that is straight forward. We focus on a select number of major markets with emphasis on infill submarkets. This enables us to be experts in the areas we choose to invest in and allows us to invest effectively in varying points of the market cycle.

Scale: We create and benefit from scale by concentrating our resources on fewer markets. This gives us local-player insight into the market fundamentals and helps us to build deep relationships with brokers, tenants and others in the industrial real estate community.

Functionality: Functional obsolescence is a constant theme of investing in industrial real estate. Changes can be subtle. By understanding key nuances, we identify and target the most functional real estate in any given submarket. This allows us to offer a product that meets the highest tenant demands, today and in the future.

Basis: We believe risk is a function of price and that it is critical to have the right cost basis to offer good value to tenants and compete effectively even when demand slows. We focus on investments where our cost basis is competitive with reproduction costs to mitigate vulnerability to new supply.

Approach

We are not afraid of complexity. We like the profit opportunity inherent in tackling challenging situations where we can apply the unique depth and breadth of our organization in a less competitive environment.

Entrepreneurial: We have an ownership mentality throughout the organization, encouraging calculated and measured risk-taking.

Data-driven: We are an analytical firm that relies heavily on market intelligence and data to underwrite accurately and minimize subjective or biased decisions. Our market teams are charged with providing substantial amounts of data, often proprietary, to support their assumptions.

Creative: We are at our best when we are solving problems. We encourage new ideas and thinking outside the box, but within the framework of our philosophical underpinnings.

Execution

We are an aggressive market leader in capital deployment. Because we rely on in-house expertise and our own operating capabilities, we are able to make bold decisions whenever and wherever we see value.

Nimble: We are flexible in our approach and can adjust on the fly to unexpected circumstances in a deal or a change in market conditions. We can operate effectively even in uncertain times and circumstances.

Opportunistic: We have the knowledge, experience and conviction in our strategy to act swiftly. We are keenly focused on value and not afraid to act in a contrarian fashion.

Dependable: We do what we say we are going to do. Our market is populated by many who don’t. Our reputation with brokers, sellers and tenants is a competitive advantage and we guard it fiercely.