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Industrial Portfolio at a Glance
112
Industrial Properties
54.3
Million Square Feet
77%1
Top 25 Markets
100%2
Leased
6.0 years3
Weighted Average
Lease Term
9.5 years4
Average Portfolio Age
2.6%5
Average Annual
Rental Escalations
EXPLORE
Searched Properties
EXPLORE
Featured Properties
Note: Industrial Portfolio statistics as of 12/31/2023. 1. Based on CoStar.com inventory data. 2. Percentage is for stabilized portfolio. 3. Weighting based on ABR. 4. Weighting based on square footage, excluding land parcels. 5. Average Annual Rent Escalation based on next rent step percentages for leases with escalations. Excludes escalating leases in last year after last escalation.
Derrick Johnson
Independent Trustee
Mr. Johnson has served as an independent trustee since July 2022. Mr. Johnson has extensive experience across strategy, marketing, business development, finance and operations, specifically logistical operations, within organizations ranging from startups to Fortune 50 companies.
Experience:
- Currently, Senior Vice President and Chief Operating Officer at Agiliti, a medical equipment management and services company
- Former President of Southeast at United Parcel Service (UPS), holding a variety of strategic and operational roles for over 20 years
- Member of the Georgia Commission on Freight and Logistics
- Previously, Mr. Johnson was an Associate of Fixed Income Sales at Citigroup and an Associate at Oliver Wyman (formerly Mercer Management Consulting)
Mr. Johnson brings operational and logistics expertise, with specific knowledge of the logistics user experience and provides our Board of Trustees with related insight.
Committee Memberships
- Audit and Cyber Risk
- Nominating and ESG