Noyack Capital has completed the inaugural closing of its Noyack Logistics Income REIT I (NLI) with $37 million of equity commitments from accredited investors
NLI invests in a diversified approach focused on all commercial real estate supporting the U.S. supply chain, including cold-storage facilities, giant dry warehouses, medical office buildings, life sciences labs and parking lot conversions into hybrid facilities known as mobility hubs.
“Our focus on the future of America’s supply chain real estate is driven by our thesis that logistics assets are undervalued relative to the market maturity of ecommerce and that they offer asymmetric risk–reward potential,” said CJ Follini, managing partner of Noyack Capital, NLI’s external manager.
Noyack Logistics Income REIT previously announced plans to invest approximately $200 million in logistics real estate; however with NLI’s UPREIT acquisition program tailored to non-institutional commercial real esta