Investing in Industrial and Multifamily

[Will Daube]

We recently closed on a $9.2M industrial sale in Wilmington, NC. Despite covid-19 we have seen a continuation in investment property activity despite a drop in owner-occupier activity. Contrary to expectations we are still receiving lease inquiries for industrial, flex and office space. We are seeing dips in NOI's in multifamily caused by covid-19. However, interestingly enough there is not any evidence of cap rate growth.

I am curious to know what sort of activity others are noticing across the southeast.