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A self-managed REIT specializing in industrial and retail property investments across the United States.
The company operates as a self-administered and self-managed real estate investment trust (REIT) focusing primarily on the acquisition, ownership, and management of a diversified portfolio of industrial and retail properties located across 31 states in the U.S. As of December 31, 2023, the portfolio consists of 108 properties with a total of approximately 10.9 million square feet, largely under net lease agreements which shift maintenance and operational costs to the tenants. This structure provides a predictable income stream through long-term leases, with many leases featuring provisions for periodic rent increases or links to the consumer price index, offering protection against inflation.
In 2023, the company pursued strategic property management and selective dispositions, including the sale of properties that reached their maximum value or posed long-term challenges. The company aims to boost stockholder value through effective management of its existing portfolio while actively seeking new acquisition opportunities that fit within its strategic framework. With a strong emphasis on maintaining high occupancy rates and attractive rental income, the company is positioned to navigate the competitive commercial real estate market effectively.
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