Tightening vacancies, rising rents make IOS an industrial demand solution
ATLANTA, GA (MAY 8, 2023) – With demand for U.S. industrial space near all-time highs,EverWest Real Estate Investors (“EverWest”) has increased its focus on Industrial Outdoor Storage (IOS) investments, completing the acquisition of two sites offering space solutions for industrial users facing overburdened operations.
“The more U.S. industrial inventory tightens and rents rise, the more valuable Industrial Outdoor Storage sites become as reliever locations for a wide range of logistics activity,” said John Maurer, EverWest’s Senior Managing Director and Head of Portfolio Management. “EverWest is focusing on this sector as a target investment type, recognizing its ability to generate strong cash flow with minimal capex requirements, while solving an industry-wide demand for more, cost-effective space.”
EverWest’s latest IOS acquisition totals 39.6 acres in Ellenwood, Georgia, located within the I-675 corridor approximately 10 miles south of Atlanta. The site includes 14 useable acres, 9.6 acres of which are paved to support parking for up to 276 trailers. It is fenced and secured with an entry gate and LED lighting.
The Ellenwood site joins another recent EverWest IOS acquisition in Miami, totaling 4.12 acres at 400 NW 137th Ave. The Miami site is improved with perimeter fencing, an electronic gate and onsite lighting.
“These assets share the same demand fundamentals as traditional industrial investments, for all of the reasons we’ve noted,” said Maurer. “Like logistics-related product, location, security and efficiency are key.”
EverWest currently has $5.3 billion in assets under management, invested through separately managed accounts and commingled funds. It provides investment management services including acquisitions, asset management, development and property management for assets throughout the U.S. About EverWest Real Estate Investors LLC EverWest Real Estate Investors (“EverWest”) is a real estate investment advisor providing investment management services throughout the U.S. including acquisitions, asset management, development and property management for our investors. With $5.2 billion in assets under management, EverWest clients invest through separately managed accounts and commingled funds. The firm is headquartered in Denver with regional offices in New York City, Charlotte, Los Angeles, San Francisco and Austin metro areas. EverWest is an affiliate of Sagard, a leading global alternative asset management platform within the Power Corporation of Canada ecosystem. For more information, visit www.everwest.com.