Market rankings

Where we’d put
capital now.

Updated Oct 26, 2026

Industrial · United States

Ranked capital-allocation calls, with the thesis in view.

Board

Rank / market (21)Change

21 published calls · Oct 26, 2026

Industrial · United StatesReviewed synthesis · Conviction 3/5

Tactical · basis discipline

Buy functional Memphis logistics on basis, sale-leaseback, or BTS terms; it is not a Tier 2 leader.

Investment condition: Deliveries, leasing, tenant depth, submarket split, and exit liquidity
Allocation stance: Advance only for functional logistics, sale-leaseback, BTS, or credit-tenant basis opportunities with submarket and tenant proof.

Vacancy (C&W Q2 2026)

7.2%As of Jun 30, 2026

6 source pages · Call updated Oct 26, 2026

Leading call in each ranking

Multifamily · #1

Overweight NYC free-market scarcity only where current income supports the acquisition basis.

Retail · #1

Overweight Charlotte grocery and service retail, in SouthPark / South End-quality trade areas.

Office · #1

Advance Midtown trophy and Class AA income; commodity Midtown submarket beta is not the call.

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