The investment strategy will focus on properties that meet emerging needs for driverless car infrastructure, same day delivery and climate-controlled storage.
NOYACK Capital has formed a private, future-focused fund to invest in logistics real estate. The firm calls the investment strategy “disruptive,” saying that it will focus on properties that meet emerging needs for driverless car infrastructure, same day delivery and climate-controlled storage.
Within logistics, the fund plans to focus on four nuanced categories: Mobility hubs, cold storage warehousing, dry warehousing and healthcare. For mobility hubs, NLI notes that it is “a newly defined property type that merges structured parking with amenities such as driverless car portals and charging, package lockers and grocery cold storage. These have been strategic hotspots for the firm, which announced earlier this month why demand for logistics infrastructure in mobility hubs (structured parking), cold storage warehousing, dry warehousing, and healthcare creates asymmetric risk-reward potential.
NLI is currently a private fund, but to embark on this new acquisition journey, the firm has applied for status as a REIT, which it expects to see by the end of next year in 2022. It will be structured as a umbrella partnership REIT or UPREIT. It will be funded with $30 million in capital from its current principal-owned industrial and parking assets.
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