In the mid to late 1990s, TDC took advantage of a unique investment opportunity to purchase industrial and research and development properties. It acquired at a discount nearly one million sf of net leased property with significant vacancies or leases at below market rents. In a market with rising rents and declining vacancies, TDC was able to lease the vacant space, upgrade space usage, increase rents, and sell the properties, creating value for our investors. This investment expanded the company’s area of expertise. DIV continues to invest in light industrial property.