Miami

The REIT states that the 330,000-square-foot first phase of the 102-acre mixed-use development opens today at 93% leased. Some of its major tenants include: TJ Maxx, Hobby Lobby, Ulta, Lucky's Market, BrandsMart, Five Below, Starbucks and YouFit Health Club.

The Silicon Valley-backed company, founded by Rami Zeidan, a hotel and real estate executive and Yury Yakubchyk, a software entrepreneur, has raised $70 million in funding to date between venture and real estate capital.

"The dynamic of muted wage growth in the low-to-medium skill jobs and a growing middle-class renter cohort leads us to invest in the space that has the highest demand with little to no new supply,” says M. Patrick Carroll, chief executive officer of Carroll Organization.

Moody's Analytics estimates total damage from the Category 4 storm at between $16 billion and $20 billion.

The ground leases are improved with eight single-tenant net-lease retail properties, totaling approximately 44,000 square feet, with tenants including a Chase Bank, a WaWa, five national restaurant brands including Cheddar's and Chuy's, and a car wash.

The new platform— Logistics Property Company, LLC— has partnered with Macquarie Capital Real Estate Investments on the formation of the platform. LPC seeks to grow its business to more than $5 billion of properties under management over the next five years.