Bolstered by changes in e-commerce, manufacturing, and supply chains, net-lease assets remain attractive investment opportunities due to their relative yield and stable cap rates
While many industries faced unique challenges resulting from the COVID-19 pandemic, net-lease assets still had a strong 2020 and they are currently enjoying a promising start to 2021. In particular, the underlying resilience of industrial assets including cold storage facilities, provided value for investors in a challenging market and they continue to remain highly attractive investments.
E-commerce growth explodes
Rising e-commerce sales were the driving factor for growth in both industrial distribution and cold storage facilities, and we believe that this trend should continue in both the near- and long-term. The shift represents an acceleration of the secular trend of consumers who are increasingly adopting e-commerce. This trend is also substantiated by strong non-