TMSi Logistics Selected as Inc. 5000 Fastest Growing Companies in America by Inc. Magazine.
Vision.
TMSi Logistics has the vision to see areas of improvement in your supply chain and the expertise to know
how to fix them. By implementing a values-driven
culture that improves your logistics operations,
TMSi Logistics can help you deliver on your bottom
line — year after year… after year…
TMSi Logistics is your high-performance
source for:
• Distribution & Contract Warehousing
• Transportation & Dedicated Contract Carriage
• Technology Software Solutions & Engineering
Services
• A Values-Driven Culture that Motivates People to
Deliver Bottom Line Results
Call 603-792-2205 to get
20/20 vision of your supply chain.
www.tmsilog.com
inflicted on the real estate market in the past two years. Is
the other shoe about to drop, or has it already dropped?
A In general, real estate values are down 30 percent across the board, and industrial properties have suffered as with the rest of the commercial real estate market.
Over the past five quarters, the majority of U.S. industrial markets have experienced rising vacancy rates, creating
the potential for landlord cash flow issues. Based on how
the debt is structured on properties experiencing these
problems, we expect to see more foreclosures, loan defaults,
and public disclosure of these problems in the industrial
market in 2010 and 2011.
QAre developers and lessorshavingdifficul-ty securing financing for
projects? If so, when do you
see lenders’ purse strings
loosening?
A Yes, developers and lessors have had a hard
time getting financing, but
the situation is improving.
Lending for speculative
development is virtually
non-existent. Build-to-suit
financing still exists, but
much more selectively and at
lower loan-to-cost ratios
than were achievable prior to
the recession.
Perhaps more important is
that cap rates upon sale are
significantly higher. Thus, the
rental rates required to justify
new construction have increased and are much higher than
prevailing rental rates. For existing properties, financing is
available for acquisitions and refinancing, albeit at substantially lower loan-to-value ratios than before the recession.
However, with banks, life insurance companies, and commercial mortgage-backed securities lenders all back in the
market, debt financing is significantly more liquid than it
was during 2009 and is likely to continue to improve
throughout 2010.
QHow do you expect your operation to be positioned 10 years out?
A I see my role and that of our Supply Chain & Logistics Solutions team expanding in scope and complexity,
especially on a global scale. Supply chain management is
without question a global business, and I would expect our
team to be well positioned to provide world-class strategic
consulting to our clients in a truly seamless manner anywhere in the world.
