The prospectus states that the Trust is a pure-play industrial REIT that acquires, manages and/or finances stabilized, income-oriented industrial warehouse and logistics properties, primarily in the United States, and to a lesser extent real estate debt and real estate-related securities. Development or repositioning is a secondary focus. According to the 10-K, its only investment is a 56.5% interest in a joint venture that holds, with a state pension client, a 29-building, 9.4 million square foot Midwest industrial portfolio. The offering was deregistered in August 2025.