Iconic Equities

Overview

Iconic Equities is a privately-held real estate investment and development firm headquartered in Miami Beach, Florida. The firm specializes in acquiring, developing, and managing industrial real estate assets, with a particular focus on Industrial Outdoor Storage (IOS), Light Industrial (LI) Aggregation, and Warehouse Development. Their portfolio spans multiple states, reflecting a strategic approach to industrial real estate investment. The firm's investment strategy emphasizes last-mile infill, port logistics, and key freight corridors, targeting markets such as Atlanta, San Antonio, Charleston, Charlotte, Dallas, Raleigh-Durham, Savannah, Inland Empire, Norfolk VA, Greenville-Spartanburg, Houston, Las Vegas, Seattle, Bay Area, Columbus, Los Angeles, Miami, Nashville, Orlando, Phoenix, Central Valley, Indianapolis, and Chicago. Iconic Equities aims to deliver highly functional assets to supply-constrained markets, with total capitalizations ranging from $10 million to $250 million and levered internal rate of return (IRR) targets varying from 12% to over 20%, depending on the investment strategy. In June 2022, Iconic Equities formed a joint venture with Leste Real Estate U.S. to acquire $400 million of industrial outdoor storage facilities across the U.S. The partnership completed a $9.5 million acquisition of Garnett Storage, a five-acre storage site in Coral Springs, Florida, and has identified a substantial pipeline of IOS facilities for acquisition in major metropolitan areas and port markets across the U.S. This collaboration underscores Iconic Equities' commitment to enhancing supply chain reliability through strategic investments in industrial real estate.