“Many owner-occupied tenants hit hard by the pandemic are raising liquidity by selling their buildings and leasing them back from the new owner. Sale-leasebacks stalled out during the depths of the pandemic, but have come roaring back as economic activity picks up. According to SLB Capital Advisors, there was $3.1 billion worth of sale-leasebacks nationwide in Q4 2020, a better than 50% rise from the third quarter (Bisnow). Of course, the increase in lending activity is a key factor behind the rebound in sale-leasebacks. Just a couple of years ago, lenders were skeptical of industrial properties occupied by less recognizable tenants that lacked access to credit. But in an environment where industrial rents are growing at historical rates, any possible lost tenant is viewed simply as a value-add opportunity. An opportunity, that many tenants are taking advantage of.”  -Adam Abushagur

 

I N D U S T R I A L   N E W S

Sale-Leasebacks Are Back, Baby
Bisnow – May 26, 2021
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In Lending For Industrial Deals, “There’s No Such Thing As One Size Fits All”
Connect National – May 19, 2021
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Where Are Cap Rates Headed?
GlobeSt. – May 20, 2021
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Builders Advised To Stock Up On Lumber, Steel As Shortages Loom
GlobeSt. – May 26, 2021
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US Plan To Double Canadian Lumber Tariffs Comes Under Fire
GlobeSt. – May 26, 2021
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R E G I O N A L   N E W S

Hunt Southwest Sheds 1M SF Industrial Asset In Fort Worth
Connect Texas  – May 25, 2021
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Houston Distribution Center Lands New Tenants
Commercial Property Executive – May 27, 2021
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Colorado Food Company Puts Roots Down With New Factory
Denver Business Journal  – May 26, 2021
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Institutional Buyer Picks Up Carvana Warehouse, Amazon Lot
Connect Chicago & Midwest – May 24, 2021
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Hillwood Set To Build The Largest Spec Industrial In Its History
Connect Texas  – May 27, 2021
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