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Why Obsolete Warehouses on the ‘Last Mile’ Are Attracting Institutional Investors

JULY 2017 | NREI

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Foreign investment increases 30% in industrial real estate

JULY 2017 | IREI
Foreign investment in U.S. industrial real estate jumped 30 percent to $1.3 billion during the first quarter of 2017 over the same period a year before, according to Avison Young. Canada is ranked the number one buyer for U.S. industrial real estate, totaling $831.1 million during the first quarter 2017. Chinese investors emerged as…
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Ivanhoé Cambridge Acquires Evergreen Industrial Properties from TPG Real Estate | Investor Interest in ‘Last Mile’ Warehouses Stays Hot as Montreal-based Investor Closes on U.S. Light Industrial Portfolio Owner

JULY 2017 | CoStar
 Montreal-based Ivanhoé Cambridge made its first major move into the ‘last mile’ warehouse market this week, closing on its purchase of Evergreen Industrial Properties from private equity investment firm TPG Real Estate. The investment unit of Montreal pension fund advisor Caisse de Depot et Placement du Quebec announced it plans to buy more.
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Ivanhoé Cambridge Acquires Evergreen Industrial Properties from TPG Real Estate

JULY 2017 | NEWSWIRE
SAN FRANCISCO, CA, FORT WORTH, TX, and MONTREAL, July 13, 2017 /CNW Telbec/ – Ivanhoé Cambridge announced today that it has completed the acquisition of Evergreen Industrial Properties (“Evergreen” or the “company”) from TPG Real Estate. Financial terms of the transaction were not disclosed.
Evergreen is a U.S. light industrial real estate specialist that owns and operates a portfolio of more than 150 properties, comprising approximately 16 million ft2 (1,486,000 m2) across 18 major markets…
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