DCT Industrial Trust Inc. has recently announced the acquisition of 14.6 acres in the Northeast submarket of Denver. The Denver, CO-based industrial real estate investment trust (“REIT”) will develop a 168,000 square foot distribution center – DCT Summit Distribution Center – in the acquired place.

DCT Industrial owns, operates and develops high quality bulk distribution and light industrial properties in high volume distribution markets in the U.S. and Mexico. Given its talented management team, strategically positioned portfolio and robust balance sheet, the company is well-placed to meet the distribution requirements of the clients and enhance shareholders’ value. In fact, this time, the Denver team of the company worked hard to bring together land parcels, located close to the I-70 and Denver International Airport for developing Class A front-loading building.

Notably, rapid population growth and Denver’s booming economy led to an increased demand for state-of-the-art distribution buildings. DCT Summit Distribution Center is ideally positioned to meet this need of the sophisticated tenants.

DCT INDUSTRIAL Price

 

DCT INDUSTRIAL Price | DCT INDUSTRIAL Quote

The stock presently carries a Zacks Rank #3 (Hold).

Investors interested in the REIT sector can consider stocks like Alexandria Real Estate Equities, Inc. (ARE Quick QuoteARE - Free Report) , Arbor Realty Trust Inc. (ABR Quick QuoteABR - Free Report) and CareTrust REIT, Inc. (CTRE Quick QuoteCTRE - Free Report) . All these stocks hold a Zacks Rank #2 (Buy).

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