Criteria
Acquisition criteria
We acquire functional industrial real estate serving the physical economy. These criteria are guidelines, not hard limits — a property that almost fits is still worth a conversation.
Property Types
What we acquire
Industrial Outdoor Storage
Fenced yards, laydown areas, trailer and equipment storage — typically low-coverage sites where the land itself does the work.
Truck Terminals & Transportation
Terminals, cross-docks, and transportation facilities serving regional and national freight networks.
Fleet Facilities
Vehicle storage, maintenance, and dispatch facilities supporting operating fleets.
Contractor & Equipment Yards
Yards and shops serving contractors, utilities, and equipment rental operations, with or without improvements.
Service Industrial
Mechanic shops, building-material storage, and other service-oriented industrial property.
Manufacturing
Select manufacturing facilities supporting regional production and assembly.
Warehouse & Distribution
Select warehouse and distribution buildings, including older-generation and low-coverage sites.
Parameters
Transaction parameters
- Geography
- Midwest and select U.S. logistics markets — with primary emphasis on Chicago, Milwaukee, Indianapolis, Detroit, Columbus, Cincinnati, and St. Louis. Strong opportunities outside these markets are considered.
- Transaction Size
- Generally $1 million – $15 million.
- Site Size
- Approximately 1 – 30+ acres.
- Building Size
- Approximately 5,000 – 250,000 SF, where improved.
- Occupancy
- Vacant, partially occupied, fully occupied, and owner-occupied.
- Transaction Structures
- Fee-simple acquisitions, sale-leasebacks, and select structured transactions.
Situations
Where we add value
We are particularly interested in situations where specialized use, operational complexity, or ownership transition creates the need for a thoughtful counterparty.
- Long-term private ownership
- Owner-user sales
- Sale-leasebacks
- Below-market rents
- Vacancy or lease-up opportunities
- Deferred maintenance
- Excess land
- Operationally complex properties
- Non-core dispositions
- Properties requiring flexible transaction structures