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We are an industrial focused real estate investment trust (REIT) that specializes in owning and operating multi-tenant buildings located in multi-building parks.
Our focus is on providing small-and medium-sized companies with a wide array of simple, easy to use, and functional spaces. The concentration of ownership within our parks and markets allows us to meet the needs of our customers as their business needs change.
80%
of our square footage is in coastal markets
60%
located in strong industrial sub-markets
15 years
average tenure of our management teams
$6.7
Billion total enterprise value
Through the years, we have refined the markets in which we operate. Today, we are concentrated in submarkets with high barriers to entry in some of the most desired and premier industrial markets in the U.S.
In addition to investing in well-located, quality assets, we also focus on hiring and retaining top quality team members. Our property management and leasing functions are performed in-house through a decentralized platform with offices in each of our markets, which, among other benefits, allows our team to have a customer-centric focus by routinely interacting with and responding to the needs of new and renewing customers.
Our operating strategy is wrapped around a strong, conservative capital structure, which prioritizes retained cash flow that we use to reinvest in our existing parks, acquire new parks, and fund developments. While we have traditionally favored permanent forms of capital to complement the long-term holding of our assets, we will strategically access the equity and debt capital markets as appropriate in order to fund large acquisition opportunities.
As of December 31, 2019, we had a total enterprise value of $6.7 billion and pristine credit ratings, including an A- corporate rating from Standard & Poor’s. With the strength of our balance sheet and consistency of cash flow generation from our existing portfolio, the Company is in position for major growth.
Our Markets
Decentralized Platform
Operating Strategy
Our Markets
Through the years, we have refined the markets in which we operate. Today, we are concentrated in submarkets with high barriers to entry in some of the most desired and premier industrial markets in the U.S.
Decentralized Platform
In addition to investing in well-located, quality assets, we also focus on hiring and retaining top quality team members. Our property management and leasing functions are performed in-house through a decentralized platform with offices in each of our markets, which, among other benefits, allows our team to have a customer-centric focus by routinely interacting with and responding to the needs of new and renewing customers.
Operating Strategy
Our operating strategy is wrapped around a strong, conservative capital structure, which prioritizes retained cash flow that we use to reinvest in our existing parks, acquire new parks, and fund developments. While we have traditionally favored permanent forms of capital to complement the long-term holding of our assets, we will strategically access the equity and debt capital markets as appropriate in order to fund large acquisition opportunities.
As of December 31, 2019, we had a total enterprise value of $6.7 billion and pristine credit ratings, including an A- corporate rating from Standard & Poor’s. With the strength of our balance sheet and consistency of cash flow generation from our existing portfolio, the Company is in position for major growth.
Our company is entrepreneurial in nature and our people have a lot of autonomy. This makes integrity and ethics critical components of our success.
