INDUS Realty Trust: Potential Offer from Centerbridge

1. While the Reporting Persons have engaged in evaluations of the Issuer and its business, including engaging in preliminary discussions, the Reporting Persons have not definitively determined to make a Potential Proposal or otherwise with respect to any specific actions regarding the acquiring, holding, voting or disposing of any securities of the Issuer.
2. Despite concerns that Amazon is pulling back on their warehouse spending spree, demand for industrial properties remains high and cap rates low, according to INDT CEO Michael Gamzon (from BamSEC) on their recent Q3 earnings call:
3. But with the comment that the cap rates on transactions would be below kind of what the market is expecting right now, do you have a sense of how much cap rates have moved in your specific markets?