Terreno Realty Continues Acquisition Spree With Buyout in Santa Ana

Key Takeaways Terreno Realty (TRNO) has announced the purchase of an industrial property in Santa Ana, CA, for around $49.5 million, continuing its acquisition spree. The transaction marks an estimated stabilized cap rate of 5.7%. Last week, TRNO acquired an industrial property in Long Island City, Queens, NY, for $16 million. The company has been actively restructuring its portfolio by disposing of non-core assets and opting for value- accretive investments. Such efforts will aid its long-term revenue grow ...