Savannah Truck Terminal
![Savanna-Truck-Terminal-1-main](https://cdn.jpmorganfunds.com/content/dam/jpm-am-aem/americas/us/en/images/reits-images/Savanna-Truck-Terminal-1-main.jpg)
Investment Thesis:
Investment provides JPMREIT with a seven-year lease with above-inflation (4%) annual bumps next to large, fast-growing port
Tenant is a 40-year-old global logistics firm
Newly built asset mitigates regional shortage in transload truck terminals and container storage
Rapid rural warehouse supply growth creates throughput demand for transload and rising land value proximate to port
Developed by JPMREIT in 2023 through a forward commitment
Property Type
Truck terminal
Market
Savannah
Investment Date
July 2023
Size
50.3 acres
Purchase Price
$73.2M
![Hicks-Photo-updated](https://cdn.jpmorganfunds.com/content/dam/jpm-am-aem/americas/us/en/images/reits-images/Hicks-Photo-updated.png)
![Hicks-Photo-1](https://cdn.jpmorganfunds.com/content/dam/jpm-am-aem/americas/us/en/images/reits-images/Hicks-Photo-1.png)
![Hicks-Photo-2](https://cdn.jpmorganfunds.com/content/dam/jpm-am-aem/americas/us/en/images/reits-images/Hicks-Photo-2.png)
Source: JPMAM. Assumptions are based upon available data. All models and projections are subject to change and non-binding. Any forecasts, figures, opinions, views and investment techniques, unless otherwise stated, are those of the investment manager/adviser at the time of this document. They are considered to be accurate at the time of writing, but no warranty of accuracy is given and no liability in respect of any error or omission is accepted. They may be subject to change. Past performance is not a reliable indicator of current and future results.