07/19/2022 | by Nareit Staff
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Michael Gamzon, president and CEO of INDUS Realty Trust, Inc. (Nasdaq: INDT), participated in a video interview in conjunction with Nareit’s REITweek: 2022 Investor Conference in New York on June 7-9.

Gamzon talked about the strategy behind INDUS’ expansion from just four markets at the start of 2021 to seven by early next year.

“Our approach is to be sharpshooters. We focus on markets that we think have great potential for growth, lots of drivers of demand, and that we think we can really penetrate and scale the business in,” he said.

INDUS’ goal is to be in eight to 10 markets over time, with a diversified portfolio, Gamzon added.

Gamzon also said the REIT sees opportunities for growth in both acquisitions and new development. “We’re really able to look across the spectrum and be opportunistic.” He also noted that the fundamentals remain strong for continued strong rent growth at INDUS due to rent escalations.

As for reasons to invest in INDUS today, Gamzon cited “tremendous tailwinds” across the industry. He also pointed to the REIT’s internal and external growth opportunities, and the fact that individual transactions can “really move the needle,” given the company’s size.