The Hot New Real-Estate Investment Is in Keeping Food Chilled
Date postedOctober 6, 2020
Cold storage is becoming one of the hottest real-estate investments during the pandemic.
Lineage Logistics LLC, the world’s largest landlord of temperature-controlled warehouses, concluded a fundraising round last month that brought in $1.6 billion. It is expected to pursue a public offering, according to commercial real-estate analytics firm Green Street.
Americold Realty Trust , the only publicly listed cold-storage real-estate investment trust, recorded a 6% increase in net operating income in the second quarter. Together, the two firms have 59% of the cold-storage market share in the U.S. and are growing quickly.