The fund will seek to deliver annual returns of 13 to 15 percent after fees by developing single-family and multifamily rentals outside gateway markets.

The portfolio comprises two facilities in the Grand Rapids MSA, 5460 Executive Pkwy. in Grand Rapids and 1865 Industrial Dr. in Grand Haven, Mich.

National Land Realty CEO Jason Walter outlines recent trends in land sales.

Property fundamentals in the sector remain very strong, making it an attractive long-term investment bet.

High-paid U.S. workers are benefiting from a strong stock market and lower expenses, while the less fortunate are facing job losses and eviction.

The CEO of the publicly-traded industrial REIT discusses the outlook for industrial facilities, Duke’s balance sheet and dealing with natural disasters.

With commercial vacancies rising and rents falling, there is a question of whether the banks have set aside enough money for CRE losses.

With the pandemic driving demand for larger living spaces, institutional investors are bankrolling SFR subdivisions.

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.

Closing transactions in August increased 2.4 percent from the prior month to a 6 million annualized rate.