INDUS Realty Trust, Inc. (NasdaqGM:INDT) acquired 97,000 square foot industrial/logistics building in Charleston, South Carolina for $28.6 million on November 12, 2021. INDUS Realty Trust used cash on hand to pay the $28.6 million purchase price, before transaction costs, and expects that the Charleston acquisition will stabilize at an approximately 4.6% cash capitalization rate.

INDUS Realty Trust, Inc. (NasdaqGM:INDT) completed the acquisition of 97,000 square foot industrial/logistics building in Charleston, South Carolina on November 12, 2021