Since Prologis first introduced the Clear Lease in the U.S. in the fall of 2017, it now accounts for about 25 percent of the firm’s portfolio in North America, with major corporate users that include Home Depot, Panalpina, DHL and XPO Logistics. Currently, about 75 to 80 percent of the leases Prologis is doing in North America are done with the Clear Lease structure. In some cases, the exceptions are those tenants who are renewing and choosing to keep the existing legacy lease already in place.
Learn Real Estate Finance and Investment at Columbia Business School This three-day program is designed to provide an intensive dive into the changing fundamentals and emerging opportunities in real estate. Participants build on their existing business knowledge and learn how to apply that knowledge to the real estate investment market. Learn more.
The continued strength of commercial real estate as a sector, combined with the disciplined strategies of REIT management teams in recent years, has left publicly-traded REITs in a good position despite the overall maturity of the current cycle. There are few red flags about leverage, the quality of properties in REIT portfolios and investment activity, leading respondents to expect share price and total return growth for REITs for the balance of 2019.
Amazon enters the real estate industry, launching a new home-buying program with real estate services company Reology, reports The New York Times. A new start-up in Silicon Valley aims to upend the traditional window industry, according to the Wall Street Journal. These are among today's must reads from around the commercial real estate industry.
