Industrial

Turns out the 2015 deal turned a tidy profit for the warehouse landlord.

Spencer Levy cautions that industrial and multifamily will confront short-term supply headwinds, and stresses that retail has been unfairly pummeled.

Many commercial lenders in 2018 have carved out new policies for pricing discounts on quality industrial properties in core markets.

Affiliates of Blackstone Real Estate Partners VIII will pay $27.50 for each Gramercy share, according to a statement Monday.

Some observers say the deal could be the start of a tidal wave of M&A activity in the industrial REIT sector.

Questions remain as to whether some of the plan’s components will draw the needed private sector funds to get projects off the ground.

The real estate investment trust agreed to acquire DCT Industrial Trust Inc. for $8.4 billion in stock and assumed debt.

Pension funds are stepping up the use of discrete accounts to lower costs and dictate terms that tend to include longer investment horizons than those in many off-the-shelf funds.

Nationally, the average cap rate on deals involving industrial assets is 5.4 percent for class-A+ product, down from 5.6 percent in mid-2017.

Real estate investment trusts that specialize in industrial properties, such as Prologis Inc., Rexford Industrial Realty Inc. and Terreno Realty Corp., are outperforming REITs that focus on malls, residential rentals and office buildings.