The PIR Equity Partners Program™ FAQs

  • What is the history behind PIR and what do you do?

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  • What is PIR’s industrial real estate investment strategy?

    PIR buys, renovates, and holds value-add multi-tenant small-bay industrial properties in primary markets nationwide. Industrial properties of interest to PIR are typically 20,000 to 100,000 square feet and are made up of suites that are 1,000 to 5,000 in size. Our tenants are small operating service and manufacturing companies. You can think of these properties as the industrial property equivalent of multi-family real estate.

    The industrial properties we buy need moderate to substantial capital improvements to bring them to the standard of other similar industrial properties in their local submarket.

    PIR’s strategy is to acquire each property, complete a campaign of renovation, and bring all tenants to market lease rates on multi-year triple net leases. The result is a renovated and stabilized industrial property with good cash flow, solid tenants, and substantially higher value.

  • What makes PIR’s strategy unique and successful?

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  • What kinds of property does PIR purchase?

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We limit our purchases to multi-tenant, small bay, value-add industrial real estate from approximately 20,000 to approximately 100,000 square feet per site

  • How does PIR select its target markets?

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We are actively sourcing properties in a group of cities specifically selected because they are forecast to exhibit continued job growth and business formation in the future.  We use the Milken Institute and other tools to select the cities we monitor for purchase opportunities.

  • What does PIR mean by “value-add” and “redevelopment``?

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  • How does PIR add value to its industrial properties?

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  • What are some examples of projects that PIR has completed?

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As of 2022, PIR owns thirteen industrial properties in three states representing approximately 600,000 square feet of multi-tenant industrial property.  A partial list of these properties can be seen here.

  • What is PIR’s portfolio plan? How many properties will you buy?

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