The Hot New Real-Estate Investment Is in Keeping Food Chilled

Cold storage is becoming one of the hottest real-estate investments during the pandemic.

Lineage Logistics LLC, the world’s largest landlord of temperature-controlled warehouses, concluded a fundraising round last month that brought in $1.6 billion. It is expected to pursue a public offering, according to commercial real-estate analytics firm Green Street.

Americold Realty Trust,

the only publicly listed cold-storage real-estate investment trust, recorded a 6% increase in net operating income in the second quarter. Together, the two firms have 59% of the cold-storage market share in the U.S. and are growing quickly.

Fans of this niche sector say the pandemic showed it can readily adapt to new customers and environments.

Cold-storage warehouses, which are similar to industrial warehouses but are refrigerated to store goods that need to remain fresh or frozen, usually cater to food producers, food wholesalers and retailers such as grocers, restaurants and other bulk buyers. But during

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Firefighters keeping Glass Fire from reaching homes in Angwin

ANGWIN, Calif. (KRON) — The Glass Fire exploded near the small Napa County town of Angwin, where its residents were forced to evacuate.

On Thursday morning, firefighters were on scene in the windy, remote and rugged area where they were working hard to contain the flames overnight.

Subdued to embers, officials worry that the high winds will carry embers down to the homes in Angwin, just a few miles away.

CalFire is hopeful the fire stays along the hillside. Officials had to bring in tanker trucks to refill firetrucks with water due to the terrain of the area.

Overnight view

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