"We’ve moved from a period of 'irrational exuberance' to more realistic values as of today in the industrial markets. The days of throwing out a number to win a deal and penciling it out afterwards ended in first-quarter 2022. Current values still indicate that industrial is outperforming many other sectors, bolstered by incredibly low vacancy in the sector, which allows for significant rent growth to still occur and at least partially offset capitalization rate expansion." --Katie Parsons, Managing Director and Head of the Industrial Sector for JLL Valuation Advisory.

Barings, Charlotte, N.C., provided $11.5 million in permanent financing for Euclid Glenmore Apartments, an affordable multifamily housing development in Brooklyn’s East New York neighborhood.