Modiv Industrial Halts Joint Venture Deal For 20 U.S. Manufacturing Properties Over Time Horizon Misunderstandings; CEO Emphasizes Risk Management And Commitment To Maximizing Shareholder Value Amid REIT Equity Changes And Market Shifts; Says English Shore Deal Still Possible.

The following is a statement from Aaron Halfacre, CEO of Modiv Industrial:

"A little over ten years ago I was hired as the Chief Investment Officer of a publicly traded student housing REIT. For those who know, you know, but suffice it to say I stepped into a FUBAR situation due to a half-completed merger and an onerous joint venture arrangement...