Plymouth Industrial REIT Searches for “Mission-Critical” Property Acquisitions

Jeff Witherell, CEO of Plymouth Industrial REIT (NYSE American: PLYM), participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York.

Plymouth Industrial REIT held its initial public offering (IPO) in June 2017, and Witherell said the company used the proceeds to pay down some short-term debt, with the majority of the capital going toward new acquisitions. “We [also] did a preferred equity issuance in late October of last year, so between the two offerings, we have in excess of $100 million of proceeds,” he added.