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Early on during the pandemic, industrial looked like it would be the beneficiary of the market dislocation. Now, more than three months in, asset prices have proven that to be true. While other asset classes have seen a significant change in asset pricing, industrial has seen a flat or nominal change in prices. As a result, CapRock Partners, a West Coast industrial investor and developer, has remained an active player.

“We are an active buyer in the marketplace,” Jon Pharris, president of CapRock Partners, tells GlobeSt.com. “Through the pandemic, we have been buying assets, and we have multiple properties scheduled to close this summer. There has been a very slight pricing change across the marketplace in industrial, unlike other asset classes that have had very significant pricing changes. The demand drivers for industrial have been the same, and we are not expecting significant price changes.”

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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