Consumers spent $211.5 billion online during the second quarter, up 31.8% from the previous quarter. Penetration of online sales was pulled forward several years, and trends that already were present were magnified by the pandemic. A recent CBRE Research study found that for each incremental $1 billion growth in eCommerce sales, an additional 1.25 million sq. ft. of distribution space is needed to support this growth.
For more than 25 years, Black Creek Group has been delivering value, buying or building more than $20 billion of investments. They have an extensive history in the industrial sector as a leading owner and operator, headquartered in Denver with regional offices throughout the U.S. that specialize in industrial real estate.
Their industrial philosophy is to invest in high-quality bulk and last-mile distribution warehouses in top-tier, high-barrier-to-entry markets and secondary markets with long-term growth potential. Black Creek is primarily dedicated to acquiring and developing Class A industrial space, as well as acquiring Class B industrial space.
Black Creek Industrial REIT IV (BCI IV) is a finite-life real estate investment solution that offers investors the opportunity to access private industrial real estate primarily in the form of high-quality distribution warehouses.