“Alternative institutional lenders are showing industrial investors the money. Naturally, the debt landscape matches the current competitive climate of the industrial market, as interest rates continue to rise and demand is cut-throat. In just under ten years, real estate debt funds more than doubled money raised and went from five percent of lending market share to 25 percent. Given that Fannie Mae and Freddie Mac do not lend to industrial investors, global real estate debt funds are more than happy to fill the void.