HUMMINGBIRD specializes in the acquisition, underwriting, due diligence of and asset management of shallow bay, industrial and logistics properties across markets in the United States. Our disciplined approach emphasizes risk management, stable cash flow, and strategic capital deployment — creating resilient portfolios that preserve and grow investor wealth through every market cycle.
Preserving investor capital is the foundation of everything we do. Our philosophy is rooted in discipline, not speculation, building wealth through measured, intelligent decision-making and risk awareness. Every acquisition begins with a focus on safety: maintaining conservative leverage, structuring debt with predictable terms, and spacing maturities to prevent concentrated exposure.
We believe that strong investments are built on resilience, not aggressiveness. By combining data-driven financial analysis with hands-on market insight, Peykar Capital ensures that every project is evaluated from every angle, operational, financial, and strategic, before a single dollar is deployed. Each property stands independently, insulated from external risks, and supported by a long-term business plan designed to generate steady, reliable cash flow regardless of market cycles.
This disciplined approach, refined through decades of experience, allows us to achieve the one result that matters most: consistent performance and capital protection for our investors.
We maintain a prudent loan-to-value ratio, typically below 65%, providing a built-in cushion to protect investor capital and ensure steady debt coverage.
Each property stands alone financially no cross-collateralization, no contagion risk. This independence strengthens overall portfolio resilience.
Through structured financing, hedging, and strategic debt planning, every investment is built to perform under varying market conditions.
At Hummingbird, every decision begins with one priority — the preservation of investor capital. Our approach is built on discipline, not speculation, combining data-driven underwriting, thorough due diligence, and conservative financing to minimize risk at every stage.
We maintain moderate leverage levels, structure debt with predictable terms, and carefully stagger loan maturities to avoid concentrated exposure. Each investment stands on its own — financially independent, insulated from portfolio-wide volatility, and guided by a long-term business plan that prioritizes stability and sustained income generation.
By grounding every acquisition in transparency, analysis, and experience, Hummingbird builds portfolios designed to endure — delivering consistent performance and protecting what matters most: the capital entrusted to us.
Our approach combines institutional-level analysis with hands-on execution. Every opportunity is evaluated through a structured process that balances data, market knowledge, and operational insight. By emphasizing clarity, precision, and patience, we ensure that each investment aligns with long-term stability and risk-adjusted growth.
We focus on industrial and logistics assets in supply-constrained markets with strong transportation access and diverse tenant demand.
Sourcing off-market or underappreciated properties through trusted broker and owner relationships built over decades.
Applying data-driven modeling, lease audits, and scenario testing to confirm resilient, cash-flow-positive performance.
Crafting capital and debt structures that align with project timelines, hedge rate exposure, and maintain conservative leverage.
Hands-on asset oversight, tenant relations, and operational improvements to drive steady returns and long-term stability.
Identifying optimal timing for refinancing or disposition, capturing equity appreciation while maintaining portfolio balance.
Hummingbird specializes in the acquisition, underwriting, due diligence, and asset management of high-quality industrial and logistics properties across the United States.
Our disciplined approach prioritizes markets with strong fundamentals, including access to transportation, population density, and limited new supply. By combining underwriting expertise with strategic capital deployment, we build resilient portfolios that generate stable cash flow, long-term value appreciation, and risk-adjusted performance across economic cycles.
Multi-tenant industrial spaces between 10,000–100,000 sq. ft., ideal for regional businesses. These assets deliver predictable rent rolls and low vacancy through tenant diversity and functional adaptability.
Properties located near key urban and suburban markets, serving e-commerce and logistics providers. High occupancy and essential positioning make them among the most resilient income-producing assets in real estate.
Facilities strategically positioned near ports, airports, or intermodal hubs essential nodes in the national supply chain. Their connectivity ensures sustained tenant demand and strong rent growth potential.
Select assets with operational or physical upside from lease restructuring to property modernization where active management and capital improvements unlock long-term appreciation and cash flow growth.
Our portfolio reflects decades of experience in acquiring, structuring, and managing industrial and logistics properties across key U.S. markets.
Proven wins that reflect strategy, cash flow, and long-term success
Under this strategy, Irwin Boris acquired multiple multi-tenant industrial and small-bay flex properties across several U.S. states (Ohio, Georgia, Maryland, Virginia, New York, Indiana), all with strong tenant stability, full or nearly full occupancy, and double-digit cash-on-cash returns.
As markets change, he refocused his portfolio to include logistics / last-mile distribution centers and industrial properties near infrastructure enhancements. This ensures demand, pricing power, and stable cash flow even in more volatile conditions.
Before moving deeper into direct acquisitions, Boris was a leading originator underwriting and structuring deals for ten years, contributing significantly to over USD $5B in real estate transactions.
In this featured podcast, Irwin explains how targeting small-bay industrial buildings, under $100/sq ft in secondary markets, with diversified tenants (8-15 per building), generates consistent 8-9% cap rates and builds resilient cash flow. It gives a practical example of his investment criteria in action.
One of his works / practices: before acquiring, he personally visits properties, reviews existing leases, analyzes cash flow rather than just projections, uses conservative leverage; these practices are part of his best work in deal sourcing and risk mitigation.
Irwin Boris led a strategic partnership between private investors and institutional capital to acquire and reposition underperforming industrial assets across the U.S. By applying hands-on asset management, operational improvements, and tenant retention strategies, he successfully elevated occupancy rates from 75% to 98% across multiple properties.
Industrial real estate o0ers several advantages, including higher average returnscompared to other property types, long-term leases that provide stable income, andgrowing demand driven by e-commerce and logistics. The sector’s resilience duringeconomic downturns, as seen during the COVID-19 pandemic, further underscores itsinvestment appeal.
Like any investment, industrial real estate comes with risks, such as market fluctuationsa0ecting demand, potential environmental issues with manufacturing sites, and the needfor significant capital for property improvements or compliance with regulations. However,thorough due diligence and strategic location selection can mitigate these risks
Accredited investors can start by researching platforms that specialize in commercialreal estate investments, likePeykar Capital.Peykarprovide access to curatedopportunities, allowing investors to diversify their portfolios with industrial properties. It’salso advisable to consult with real estate professionals who have experience in theindustrial sector.
Key factors to consider include the property’s location and accessibility, the quality andsolvency of tenants, potential for appreciation, and alignment with current market trends,such as the growth of e-commerce and logistics. Additionally, investorsshould evaluatethe property’s physical condition, potential environmental liabilities, and the flexibility ofthe space to accommodate various tenants.
Yes, industrial real estate can serve as an inflation hedge. Long-term leases ofteninclude rent escalations tied to inflation, and the tangible nature of real estate assets canprotect against the eroding value of money during inflationary periods. Moreover, thegrowing demand for industrial spaces, driven by e-commerce and global trade, can lead torental income growth that outpaces inflation.This enhanced exploration into industrial real estate investing underscores the sector’spotential for robust returns, driven by strategic location selection, adaptability tomarkettrends, and the burgeoning growth of e-commerce. By delving deeper into the nuances ofindustrial real estate, investors can better position themselves to capitalize on this often-overlooked, yet increasingly vital, component of the real estate market.
It increases demand for warehouses and distribution centers, especially near urbanareas.
The demand for advanced, sustainable properties and the impact of global supply chainstrategies.
Thoughts, strategies, and lessons from over three decades in real estate investing.
Whether you’re an investor, partner, or simply exploring opportunities in industrial real estate, reach out to start the conversation. Irwin personally reviews all serious inquiries.
Phone : +1 (212) 390-0757
New York, NY, United States
