Why “choppy”? Rising interest rates have compressed asset valuations in the logistics marketplace and have made a new development less feasible, resulting in limited supply, according to an interview with members of Dermody Properties’ leadership team — Douglas A. Kiersey Jr., CEO and president; Timothy Walsh, partner and CIO; Elizabeth Kauchak, COO; and Wes Hardy, partner, Southeast Region. Published with the September issue of Institutional Real Estate Americas, the interview discussion ranges from the impact of macroeconomic tailwinds on the industrial sector to region-specific issues to deciding whether to purchase or develop an asset. “Our strategy is built around investing in markets and submarkets where there is a high barrier to entry,” says Kiersey. “That high barrier to entry allows us to be able to maintain landlord pricing power by growing rents faster than the national average.
“One of the things I love about the logistics real
