BIP is focused on one thing: directly investing in U.S. industrial real estate.
BIP aligns itself with its joint venture partners by making significant personal investments in the assets it acquires. BIP works closely with its partners to tailor the operational and control dynamics of its joint ventures in ways that are efficient and fair.
BIP performs in-depth, bottom-up analysis focused on individual properties in key submarkets within its broader targeted Midwest and Southeast regions. The properties BIP acquires are well-located, highly-functional and purchased at a discount to replacement cost.
There are several key physical characteristics BIP looks for in industrial warehouse properties, which help attract and retain tenants. Specifically, BIP targets:
- Single and multi-tenant facilities that offer tenants more than 25,000 square feet of space
- Less than 10% of office build-out
- Clear heights from 24 to 36+ feet
- Adequate interior access via dock-high and/or grade-level doors
- Adequate truck court for large and small truck distribution operations, possibly including staging for a high volume of truck activity and/or trailer storage