In the last month Longpoint acquired a 25-building industrial portfolio in South Florida for $262 million marking what it says was the state's largest industrial transaction for 2023. The 1.4 million-square-foot portfolio comprises 12 locations across the Miami and Fort Lauderdale metro areas and  further expands Longpoint's presence in Florida's infill submarkets.  Seagis Property Group  was the seller of the portfolio.

Longpoint's Dwight Angelini says that the portfolio "offers significant upside opportunity through capital improvements and operational upgrades."

It also points out that last year Florida led the nation in net income migration at nearly $40 billion, the bulk of which flowed directly into Miami Dade and Broward County. The increase in purchase power has led to record levels of demand for distribution facilities in South Florida.