Lucern Capital Partners Acquires Indeneer Light Industrial Business Park Portfolio in North Carolina’s Piedmont Triad Region for $4.1 Million
It seems like the last several annual outlooks have started the same way – inflation and economic uncertainty, strife and war abroad, and political divide and polarization. Opinions are still greatly different, and conviction is still diverse in nature.
A Triple Net Lease, also referred to as an NNN lease, is an arrangement where the tenant has the sole responsibility for all costs relating to the asset being leased in addition to the base rent.
Multi-tenant industrial real estate stands out as a versatile asset class where a single property offers multiple units or suites for lease, accommodating a diverse range of commercial tenants. These spaces aren’t just affordable hubs for small and medium-sized businesses; even larger companies appreciate the adaptability that this real estate option provides.
The industrial sector has demonstrated remarkable resilience and strength in the face of various challenges in 2023, including rising interest rates, soaring labor costs, and mounting inflation.
I recently attended the Colliers’ Gaining the Edge National Industrial Conference in Scottsdale, an event that left me with a sense of optimism. The conference spanned two days of insightful discussions on key industry trends and complex economic issues affecting the industry and its businesses.
Acquiring real estate can be complex, and financing becomes a crucial element that can make or break a deal. Even if underwriting points to a sound investment opportunity, poor financing can lead to unexpected costs and complications, quickly transforming a promising asset into an underperforming investment.
Investors have sought opportunities to invest in real estate for decades because of the asset class’s reputation for generating passive income and long-term appreciation, producing performance uncorrelated to public equity markets, and having attributes that make it an inflation-resistant investment.