Dermody Properties

About Dermody Properties

Dermody Properties is a privately held real estate investment, development and management firm established in 1960 and headquartered in Reno, Nevada. It runs a national industrial platform and has long experience carrying out complex real estate strategies. Its core mandate is to acquire, develop and manage Class A industrial and logistics facilities across the United States, using institutional joint ventures, commingled funds and specialized regional development teams. More than six decades of focus on industrial property have made it a dedicated operator and steward of capital in the North American market. Target asset classes are logistics centers, e-commerce distribution facilities and high-quality warehouses. Nine regional offices supply local expertise in key distribution hubs across the country. Investments are mostly build-to-suit projects and speculative industrial development, often with a value-add approach and long holds. As a specialized Industrial developer (ID), the firm applies its sector knowledge to corporate tenants' changing supply-chain needs and aims to create state-of-the-art facilities that meet modern logistics standards, which helps it work through market cycles. The firm employs more than 80 people and has a presence in major markets including Seattle, Phoenix, Chicago and Philadelphia. It has developed or invested in more than 110 million square feet of logistics facilities. Dermody began as a family-owned business and grew into a national platform through alignments with major institutional investors, among them public pension funds such as CalPERS and CalSTRS and institutional investment managers. That shift from family enterprise to partner for large-scale institutional capital shows its growth and its ability to manage discretionary fund vehicles.

Real estate mandate

Contacts at Dermody Properties