Dakota REIT announces the acquisition of a single tenant industrial warehouse located in the northwest quadrant of Sioux Falls, SD. The property contains 53,650 square feet and is occupied by Tri-State Flooring. Industrial/ flex is one of our preferred asset classes and currently represents 8% of our portfolio mix.
“We are pleased to increase our investment in a growth market such as Sioux Falls. This acquisition allows us to continue to diversify our footprint in the market across multifamily, neighborhood retail centers and industrial assets.” shares Matt Pedersen, Dakota REIT’s President. Sioux Falls has demonstrated strong economic fundamentals including a low unemployment rate and over 21% growth in both population and jobs since 2010.
