Blackwells Capital Activist Presentation Deck slide image

Blackwells Capital Activist Presentation Deck

INDUSTRIAL REAL ESTATE INDUSTRY FUNDAMENTALS CBRE 2020 Outlook (pre-COVID) Markets to Watch ā— BW As user dynamics change with supply-chain growth requiring more facilities across industrial hubs, several secondary markets are becoming desirable from an investment perspective The major risk to investors in smaller, secondary markets is oversupply and lack of liquidity CBRE has identified Charlotte, Cincinnati, Denver, Louisville, Orlando, Portland, St. Louis and Tampa as key secondary markets that will offer strong liquidity and relatively high income returns in 2020 45 40 35 30 25 20 15 10 BLACKWELLS CAPITAL 5 0 Source: CBRE 2020 Industrial Real Estate Outlook. Key Emerging Markets, Supply vs. Demand 11 Charlotte Cincinnati Denver Louisvlle Orlando Portland St. Louis Tampa Net Absorption Completions - Strictly Confidential & Trade Secret 86
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