The crowdfunding investment platform Yieldstreet has announced the last call on an equity offering for a distribution center in Greenville, South Carolina.
Investors receive equity ownership in a to-be-built Class A, single-tenant, 560,000-square-foot distribution center. Industrial real estate investment continues to be one of the top-performing assets in real estate. At the conclusion of 2022, industrial real estate marked its twelfth consecutive year of positive net absorption, low vacancy rates and positive rent growth.
This Class-A industrial building, set to begin construction soon, is expected to be completed by June 2024, fully leased by December 2024 and sold at the end of the holding period in December 2025. The sponsors of the project, Pearlmark, are waiting to be awarded tax-advantaged status from the state prior to the construction commencing. The tax incentive program could lower ...
Full story available on Benzinga.com
Continue reading...
Investors receive equity ownership in a to-be-built Class A, single-tenant, 560,000-square-foot distribution center. Industrial real estate investment continues to be one of the top-performing assets in real estate. At the conclusion of 2022, industrial real estate marked its twelfth consecutive year of positive net absorption, low vacancy rates and positive rent growth.
This Class-A industrial building, set to begin construction soon, is expected to be completed by June 2024, fully leased by December 2024 and sold at the end of the holding period in December 2025. The sponsors of the project, Pearlmark, are waiting to be awarded tax-advantaged status from the state prior to the construction commencing. The tax incentive program could lower ...
Full story available on Benzinga.com
Continue reading...