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Industrial Portfolio at a Glance
117
Industrial Properties
58.2
Million Square Feet
73%1,2
Sunbelt Market Exposure
88%3
Class A Properties
5.8 years2
Weighted Average
Lease Term
9.4 years4
Average Portfolio Age
2.7%5
Average Annual
Rental Escalations
EXPLORE
Searched Properties
EXPLORE
Featured Properties
Note: Industrial Portfolio statistics as of 6/30/2024. 1. Based on CoStar inventory data. 2. Based on ABR. 3. Based on square footage utilizing CoStar inventory data. 4. Weighting based on square footage, excluding land parcels. 5. Average Annual Rent Escalation based on next rent step percentages. Excludes escalating leases 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