Episode 380: Modiv Industrial Sees Upside Potential in Mission-Critical Manufacturing Facilities
Aaron Halfacre, president and CEO of Modiv Industrial, Inc. (NYSE: MDV), was a guest on the latest episode of Nareit\u2019s REIT Report podcast.
Halfacre discussed Modiv\u2019s evolution toward focusing on industrial manufacturing facilities, after starting out as a diversified net lease REIT.
\u201cWe discovered that industrial manufacturing facilities were, like us, flying a bit below the radar and also, like us, providing investors with very attractive upside potential. The manufacturing sector has strong fundamentals, solid cap rates, healthy contractual rent bumps, long-term dependable leases, and somewhat of an inefficient transaction marketplace. All of that made it clear to us that we were onto something,\u201d Halfacre said.