Purchased portfolios are 99% busy and will offer features to tenants in the Mid-Atlantic and Sun Belt hot markets. Facilities.
Washington, DC and Jacksonville, which together account for 57% of acquired portfolios, have experienced a double demographic expansion than the United States over the past decade. Washington, D. C. has a strong employment base in government and the military, while benefiting from the recent Entry of well-paid technologies (e. g. Amazon HQ2) and monetary jobs. Jacksonville has experienced strong job expansion over the more than five years, with a 16% increase in employment compared to a national average of 9% over the same period. Going forward, any of the markets are expected to far exceed the US average. But it’s not the first time In terms of population expansion. Other key markets in the portfolio come with Raleigh, Charlotte and Nashville, all of which are among the top 10 for the expansion of the projected five-year population, with estimates in addition, over the next five years, those markets are expected to grow at an annual rate of 2. 9%, 1. 2% above projected. expansion in the United States over the same period.