Development
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Development
Creating greater value creation from the ground up.
Speculative development opportunities enable us to capture potentially greater value creation compared to purchases while complementing our existing industrial portfolio. To participate in this sector of the industrial market, we enter into joint ventures with our development partners. We generally invest in opportunities that are essentially “shovel-ready”, meaning construction can often start immediately, mitigating development and entitlement risk. This strategy allows us to capture higher investment yields, while keeping much of the development risk with our partners.
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