Every 1pp gain in e-commerce share requires 1.25M SF of new logistics space — and vacancy sits at 4.1%, a 20-year low.
| Asset Name | Market | SF | Entry Cap | Occupancy | WAULT |
|---|---|---|---|---|---|
| Parkway Commerce Center | Dallas-Fort Worth | 742,000 | 6.8% | 100.0% | 7.2 yr |
| Red Mountain Logistics Hub | Phoenix | 521,000 | 6.2% | 95.4% | 5.8 yr |
| Midtown Distribution Facility | Atlanta | 615,000 | 6.5% | 98.2% | 6.5 yr |
| Interstate 40 Warehouse | Nashville | 388,000 | 6.1% | 100.0% | 4.9 yr |
| Redlands Fulfillment Park | Inland Empire | 680,000 | 6.9% | 92.7% | 6.8 yr |
| Gateway Industrial Plaza | Dallas-Fort Worth | 455,000 | 6.3% | 96.8% | 5.5 yr |
| Peachtree Logistics Center | Atlanta | 702,000 | 6.6% | 97.3% | 6.7 yr |
| TOTALS / AVERAGES | — | 4,103,000 | 6.4% | 97.1% | 6.2 yr |
Portfolio as of December 31, 2024. WAULT = Weighted Average Unexpired Lease Term.
Fund II has paid 32 consecutive quarterly distributions with zero missed payments since inception in Q1 2018.
7 markets, no single market exceeds 28% of AUM. Diversified across high-growth Sun Belt metros.
43 tenants, largest represents 9.4% of rent roll. Investment-grade tenants comprise 61% of revenue.
WAULT 6.2 years, with only 18% of leases expiring in any single year. Staggered rollover profile.
42% LTV, all fixed-rate debt with average maturity of 6.8 years. Conservative capital structure.
Prologis, EastGroup, STAG
Average Net IRR 2019–2024
Blended Performance
Net IRR | 8.2% Avg Annual Yield
Source: NCREIF and fund audited financials.
"We've invested alongside Verdant in two prior funds. The deal sourcing and asset management discipline is as good as anything we see from the large platforms."
— Richard Ashton, CIO, Stonebridge Family Office
GP Commitment to Fund III: $7M