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.

There are many potential triggers for the next recession according to Yardi Matrix' Paul Fiorilla.