CenterPoint SVP of Investments Rives Nolen Moderates ‘Houston Industrial and Logistics Summit’
Posted By Staff Writers On March 23, 2021 @ 9:03 am
CenterPoint Senior Vice President of Investments Rives Nolen moderated the recent REDNews/RE Journals “Houston Industrial and Logistics Summit.” Rives led an insightful hour-long discussion of topics ranging from market trends and drivers to best performing Houston submarkets and more.
Here’s where Rives sees the Texas investment sales market going in ’21:
“Cap rates are continuing to compress. We’re seeing cap rates in Houston on investment sales moving even below the 4.5 cap range for core deals and then other deals pricing somewhere between 4.5 and a five cap depending on any number of factors. Generally, across all markets, cap rates are compressing, and there’s a lot of demand to buy industrial real estate. It’s an exciting time.”
About CenterPoint Properties
CenterPoint is an industrial real estate company made up of dedicated thinkers, innovators and leaders with the creativity and know-how to tackle the industry’s toughest challenges. And it’s those kinds of problems—the delicate, the complex, the seemingly-impossible— that we relish most. Because with an agile team, substantial access to capital and industry-leading expertise, those are exactly the kinds of problems we’re built to solve.