The company is a self-administered, self-managed real estate investment trust that acquires, owns, and manages a geographically diversified portfolio of industrial, retail, and other commercial properties across the United States. It generates revenue primarily through contractual base rent from tenants who typically bear operating expenses, with most leases including periodic rent escalations. The company's strategy focuses on acquiring strategically located industrial properties—particularly in secondary or tertiary markets with limited new supply—that are fully leased, while evaluating acquisitions based on cash flow potential, tenant creditworthiness, property location, market demand, and long-term appreciation prospects; it finances acquisitions through individual property mortgages on a non-recourse basis and holds properties for extended periods or divests them to realize value or mitigate risk.