Jim Koman, CEO of ElmTree Funds, recently shared with Institutional Real Estate, Inc. the firm’s achievements in 2023, which transacted on nearly $2 billion last year, as well as his outlook about the evolving industrial market — and what trends and tactics will shape the industry landscape in the years ahead.
Amidst the evolving landscape of the industrial market, what specific strategies or approaches did ElmTree employ to successfully navigate the challenges of 2023?
ElmTree closed out 2023 with significant investment momentum, transacting on 33 properties across 17 states. Those 2023 transactions represent 9.6 million square feet, consisting primarily of class A industrial space. ElmTree’s investment philosophy has been consistent since our founding in 2011: We