With nearly three decades of experiencein industrial real estate, Tom Barbera iswell practiced at uncovering trends andpatterns in the asset class. So, when henoticed the outdoor storage market, aspecialized sub-asset class, was underserved, he moved on it. Barbera partnered with Joe Voet and BLG CapitalAdvisors to launch Industrial OutdoorVentures, as its CEO, in 2017 to specializein the acquisition, development and redevelopment of industrial service facilities. In just three years, he hascompleted 23 acquisitions in class-A markets and secured leases withname-brand tenants, including Amazon, UPS, ATCO, RELogisticsand Wesco. As a result, BLG has doubled its equity investment withthe firm and secured a $90 million credit facility with CIBC Bank.
To date, the company has $200 million in assets and expects toacquire an additional $100 million in 2020. This activity has caughtthe attention of institutional players, including JP Morgan andBrookfield, which have entered the market niche. Barbera andIOV, however, are considered pioneers in the asset class.
IOV is the most recent of Barbera’s successes—but not the first.He had a long, successful career as an industrial broker, earningseveral top-sales accolades. He was named the Trammell Crow’s topindustrial broker in 1999, a finalist for Greater Chicago FoodDepository’s industrial broker of the year award in 2004, andNAIOP Industrial Investment Deal of the Year in 2005. He is amember of AIRE.
Michael Brennan has been at the helmof five reputable industrial investmentfirms during his 30-plus-year career. Hewas a co-founder at Pacific OfficeProperties, founding investor at Tri-NetProperty Trust, president and partner atthe Shidler Group, co-founder of FirstIndustrial, and today, he is the co-founder, chairman and managing principal at Brennan Investment Group. Hehas orchestrated $14 billion in realestate transactions throughout his career.
Brennan’s eponymous Brennan Investment Group, develops,owns and operates industrial properties in major metros throughout the US. Since 2010, the company has acquired $4 billion inindustrial assets in 4,000 properties totaling 44 million square feet.The company has a diversified portfolio of investment properties,and by co-investing with private and institutional capital, is able todeliver strong risk-adjusted returns.
With these investment results, it is no surprise that Brennan isconsidered a trailblazer in the industrial sector. He appears onCNBC, CNNfn and Bloomberg Television and as an expert atnational conferences. He contributed to The Guide to ClassifyingIndustrial Property Types, a review of the evolution of the industrialsector and emerging property types, and he is a member of ULIand the World Presidents’ Organization.
When he isn’t busy closing deals, Brennan serves as executive
director of the University of Wisconsin’s James A. Graaskamp Center
for Real Estate, a globally recognized top real estate program, and as
a member of the board of the technical committee for FIBRA
Macquarie, a publicly traded company. He is also involved in his local
Chicago community, serving on the board of directors of the Chicago
Public Library Foundation, providing funding for book collections,
book acquisition and a variety of community-based programs.
He has a Bachelor’s degree in Finance from the University ofNotre Dame.
Under founder and CEO AndrewChung’s leadership, Innovo PropertyGroup has become one of the mostactive industrial investors in the competitive New York City market. While thefirm acquires, develops and operateshigh-quality retail, residential and commercial assets, it has also become a notable player in the urban last-mile andwarehouse facility market. InnovoProperty Group currently has a portfolio of 2. 2 million square feet of completed or planned industrialspace, representing a total of $2 billion in capitalization.
Innovo continues to innovate new industrial concepts in 2020.The firm formed a partnership with Square Mile CapitalManagement and secured $305 million in construction financingto build a multi-story industrial facility at 2505 Bruckner in theBronx. The property will be the first multi-level industrial facilityon the East Coast. The innovative project will help to reimagine thecurrent model for industrial in the US amid severe supply constraints in major markets.
Prior to launching Innovo, Chung spent 10 years at the CarlyleGroup as head of the New York office, overseeing several transactions across asset classes. Today, he oversees all aspects of the financial, leasing, investing, capital and operations for Innovo, operating in all five boroughs.
Chung is regularly quoted in The New York Times and The Wall StreetJournal. He is on the advisory board for NYU Schack Institute of RealEstate, the Long Island City Partnership, Urban Land Institute NewYork and Queens Community House, and he is a member of theCouncil of Korean Americans. He was named a Real Estate ForumIndustrial Influencer in 2019, and was named on the Power 100: TheMost Powerful People in New York City list from 2009 to 2014.
As a top-producing industrial broker,Bill Condon represents some of theleading institutional tenants and investors in the US. Condon, a managingdirector and EVP at ColliersInternational, negotiates deals acrossthe spectrum of industrial propertytypes—warehouses, corporate headquarters, manufacturing plants andnational distribution and logistics facilities—while leading the firm’s Seattleoffice. He has been named a top producer at the firm every yearsince 2012, and has also received National Rookie of the Year andthe Colliers International Award of Excellence.