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The sale of 9700 W. Gulf Bank is somewhat rare, given oil prices have been suppressed since late 2014 and activity on similar properties has been limited, but it was last year's third-largest manufacturing sale by square footage.

A primary driver for Ridge's investment in Sterling Pointe is the consistently healthy Sacramento housing, a result of positive job growth fundamentals coupled with very low delivery of new housing inventory this cycle.

The power of influence is vast, and influencers yield such clout that they are able to effect change through direct and, more often than not, indirect action. The impact of the following net lease influencers is recognizable and significant.

Landlords are under pressure to get their paperwork in order to meet the New York City Council's Climate Mobilization Act (CMA) passed last year to reduce greenhouse gas emissions and improve efficiency for commercial and residential buildings larger than 25,000 square feet.

Meridian acquired the property in August 2017 when the building was 78% occupied, and invested more than $4 million in interior renovations during the past two years to bring occupancy up to nearly 90%.

Copperwood Ranch has been well maintained by its ownership for the past 16 years, with more than $160,000 in capital expenditures invested since 2018, and this owner has a Texas portfolio of 11 affordable housing assets.