Despite near-term challenges — high construction costs, the potential of tariffs to affect costs and import and export volumes, and a very complicated global food supply chain — the longer-term prospects for investors in cold storage real estate are positive, according to Kevin Rivest, managing partner and head of BGO’s U.S. Cold Chain Investment platform. In an interview published in the July/August issue of Institutional Real Estate Americas, Rivest says, “Despite short-term fluctuations, the long-term need for more fresh and frozen foods will only continue to grow. Global population growth, estimated at 2 billion more people by 2050, will continue to drive the need for more food and more cold chain logistics. The cold storage sector has delivered a very stable 3 percent plus compound annual growth rate (CAGR) on revenue growth during the past 20 years. That resilience is rare, and that is a key reason why cold storage belongs in every long-term real asset portfo
