Small can be beautiful
Founded in 1982, One Liberty Properties (OLP) is a diversified REIT with an active net lease strategy. The company originally concentrated on retail, but began changing course in 2012. The past years, the vast majority of the underwriting has been dedicated to industrial buildings. OLP thinks that long term, industrial is a good place to play because industrial properties aren’t as capital-intense as retail and offices. Most industrial properties are 90 to 95 percent warehouse, so almost all of the space is open and easily reusable. That means you