Institutional Investor has learned.
ElmTree focuses on acquiring build-to-suit properties that are net leased to investment grade tenants, meaning that the tenants pay some of the taxes, insurance, and other operating costs. ElmTree will invest in industrial real estate that is tied to the so-called last mile of the e-commerce transaction pipeline, or the delivery of products to consumers from a central site.
Unlike commercial real estate overall, these sectors have been in high demand as consumers have shifted to online shopping during the pandemic and as companies needed to rework their global networks of suppliers to deliver products faster.