Granite REIT Enters into Unchartered US Territory With Industrial Expansion
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Granite REIT has taken its industrial portfolio to new heights with multiple acquisitions in the industrial real estate sector. The REIT has successfully acquired three properties in the Greater Toronto Area and has finalized an agreement to buy a million-square-foot distribution centre in the US, specifically in Atlanta.
Although the market has encountered trials and tribulations over the past year, there seems to be no sign of stopping for Granite REIT. They plan to continue to cover new ground as opportunities for investment arise.
Granite REIT is a Canadian-based real estate investment trust that partakes in the acquisition, development, ownership and management of commercial real estate properties. Their portfolio is comprised of over 100 investment properties spanning across 45.3 million square feet of leasable area.
Learn more about Granite REIT industrial portfolio expansion.
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