Four Springs Capital Trust, a Lake Como-based real estate investment trust, announced Thursday that it has acquired or is under contract to acquire eight industrial properties valued at approximately $183 million.
The properties include five build-to-suit opportunities and three sale-leaseback, existing assets, the REIT said in a news release. They include two last-mile distribution facilities leased to an undisclosed e-commerce company, as well as six other industrial properties ranging from cold storage and food distribution to light manufacturing.
“While distribution facilities have always played an important role in a company’s logistics supply chain, e-commerce and the effects of COVID-19 on consumer behavior have increased demand for industrial real estate,” CEO William Dioguardi said in a prepared statement. “These eight properties underscore the continued diversified investment strategy for our portfolio.”