Plymouth Industrial REIT, Inc.: directors' dealings · United States · SEC (Form 4)

About Plymouth Industrial REIT, Inc.

Plymouth Industrial REIT, Inc. (NYSE: PLYM) is a U.S.-listed industrial REIT focused on acquiring, owning, managing, redeveloping, and developing industrial real estate. Headquartered in Boston, Massachusetts, the company was formed in March 2011 and is structured as a vertically integrated, self-administered and self-managed REIT. Its investment mandate centers on single- and multi-tenant industrial properties, including distribution centers, warehouses, light industrial facilities, and small-bay industrial buildings. The company’s mission is to provide tenants with cost-effective space that is functional, flexible, and safe. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1515816/000114036123009193/ny20007284x1_424b5.htm?utm_source=openai)) Plymouth’s business model is built around industrial assets located in primary and secondary U.S. markets, with an emphasis on major industrial, distribution, and logistics corridors that offer access to deep labor pools. This positioning aligns the company with demand drivers such as e-commerce, third-party logistics, local distribution, and last-mile fulfillment. In its 2024 annual report, Plymouth disclosed a portfolio of 129 wholly owned industrial properties as of December 31, 2024, underscoring a mid-sized platform with meaningful scale in the U.S. industrial REIT universe. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1515816/000117152025000056/eps11788_plym-r12.htm?utm_source=openai)) Historically, Plymouth was founded by Jeffrey Witherell and Pendleton White, Jr., two executives with long backgrounds in commercial real estate investment and capital formation. The company went public in 2017 and has since expanded its institutional profile. A notable milestone came in 2021, when Plymouth was added to the MSCI U.S. REIT Index, a recognition that improved visibility and broadened access to the public markets. ([ir.plymouthreit.com](https://ir.plymouthreit.com/sec-filings/annual-reports/content/0001171520-20-000141/0001171520-20-000141.pdf?utm_source=openai)) From a competitive standpoint, Plymouth is not defined by mega-scale, but by a focused industrial strategy and active asset management. Its niche is often in smaller and mid-sized industrial properties in markets where pricing may be less efficient than in core gateway locations. That can create room for leasing upside, redevelopment gains, and capital recycling opportunities, but it also means the company is exposed to financing costs, tenant rollover risk, and local market conditions. The company operates exclusively in the United States, with corporate headquarters in Boston and a geographically diversified property base across multiple states. ([ir.plymouthreit.com](https://ir.plymouthreit.com/company-information/contacts?utm_source=openai)) Recent developments have reinforced the company’s active portfolio-management approach. On August 6, 2025, Plymouth reported second-quarter 2025 results and highlighted the deconsolidation of 34 Chicago-area properties into a joint venture with Sixth Street Partners during the fourth quarter of 2024. That transaction illustrates how Plymouth uses joint ventures and portfolio restructuring to manage capital and reshape exposure. In 2025, the company also provided updates on dividend tax treatment, while SEC Form 4 filings showed insider activity tied to compensation vesting and transaction-related events. For investors tracking U.S. industrial real estate, PLYM remains a focused NYSE-listed REIT with a clear industrial/logistics identity and a valuation story tied to portfolio quality, leasing execution, and capital allocation. ([ir.plymouthreit.com](https://ir.plymouthreit.com/sec-filings/all-sec-filings/content/0000950170-25-104078/0000950170-25-104078.pdf?utm_source=openai))