The CEO of the publicly-traded industrial REIT discusses the outlook for industrial facilities, Duke’s balance sheet and dealing with natural disasters.
About $75 billion, or 20 percent of all global CRE investment in the first half of the year, went toward industrial and logistics properties, according to Savills Plc.
A “downturn” may not be the right word when it comes to CRE, says PGIM Real Estate’s Todd Goldberg. A “bifurcation of the market” might be more accurate.