Trump era provides opportunity for Canadian investment in U.S. industrialMay 19, 2017 10:19 am
This April, Pure Industrial Real Estate Trust (PIRET) of Vancouver closed an $85 million deal on its purchase of the fully leased Cedar Port distribution centre in Houston, Texas, part of an acquisition binge PIRET has been on for the past year.
PIRET is the only Canadian real estate investment trust that specializes in U.S. industrial real estate, but it may soon have Canadian competition.
Simply put, in the Trump era, U.S. industrial real estate is on a tear, according to the National Association of Realtors (NAR).
Categorized in: Western Investor