Recognizing Value in Perishable Logistics
The cold chain isn’t something often thought about. In fact, it is largely taken for granted.
That is the way it had always been until the COVID-19 pandemic. Finally, the cold storage industry, which we had worked so hard in for many years, became front-page news. Friends, family members, and colleagues would ask us questions about the cold chain – what was happening with inventory? When would food distribution normalize? What would happen with the distribution of critical medicines?
All of these are valid questions, and the supply chain shock brought this previously hidden infrastructure to the forefront. Since we started investing in the space in 2014, we have always known how critical cold chain logistics is to major population centers, and the disruption experienced in 2020 only reinforced our belief in this asset class. Even now, the lessons learned during the pandemic continue to shape how cold chain logistics adapt to growing demands for food security and medical distribution.
Moreover, our tenants throughout our portfolio performed admirably during this shock. They not only maintained profitability and continued making timely rent payments, but also brought food security to their customers across the nation and the world. We are very proud of our tenants, some serving regionally and others internationally – each with specific yet irreplaceable functions within the supply chain. Our tenants played a critical role in producing and distributing affordable food that supplied both fast food restaurants and major grocery stores throughout the country, helping keep shelves stocked and food accessible when supply chains were stretched thin.
We recognize value in perishable logistics. It has been our core focus since our founding in 2019, backed by over 30 years and $1B of our principals’ combined experience. Our team has facilitated numerous transactions totaling well over $200M for our customers and investors, and we continue to work on cutting-edge solutions to set new standards for perishable logistics infrastructure.
As has been repeatedly stress-tested and proven, perishable distribution – food, beverage, medicine, floral, and other products – remains absolutely critical to major population centers. Condor’s mission is to continue serving the companies that serve us by being a trusted real estate partner to the cold storage industry. As we look to the future, Condor is committed to driving innovation and resilience in the cold storage industry, ensuring the supply chain remains robust and adaptable for generations to come.
