Equus Places Billion-Dollar Bet on Phoenix/Tucson Industrial
The industrial real estate business is red-hot, as intense demand driven by e-commerce and logistics, in general, is driving down warehouse vacancies and driving up prices for such real estate across the country. The 13 real estate investment trusts (REITs) that Nareit tracks under the "industrial" label had posted an average total return of 21.96% year to date as of Sept. 30 -- and that's while paying out a 2.24% dividend yield. A most recent example is Equus Capital Partners.
