Realterm announced today that is has sold all 22 properties in its Realterm Logistics Fund II (RLF II) portfolio, liquidating the fund in its entirety. Together this portfolio of 22 transportation-advantaged high flow through (HFT®) facilities consists of more than 1.8 million square feet of space and 778 doors on 200.4 acres.
“Transportation oriented properties with differentiated HFT characteristics facilitate the rapid and high-volume movement of goods through supply chains. These properties have gained importance with the growth of e-commerce, which demands increased speed and efficiency from manufacturers and retailers by consumers,” said Bob Fordi, CEO, Realterm. “This 22-property portfolio optimizes e-commerce supply chains, and is concentrated in many of the most dynamic primary logistics markets in the U.S.”
“Demand for HFT space has expanded significantly as logistics spending in the e-commerce sector has accelerated but speculative development has remained limited due to stringent zoning restrictions, limited and expensive land availability and competing uses,” said Ed Brickley, Managing Director and Senior Fund Manager, Realterm. “As a result, rents for HFT space have grown considerably over the last several years, often at an order of magnitude greater than the already robust rent growth seen for traditional industrial space.”
The portfolio includes:
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