Terreno Realty Corporation acquires, owns and operates industrial real estate in six major coastal United States markets: New York City/Northern New Jersey, Los Angeles, Miami, San Francisco Bay Area, Seattle and Washington, D.C. It invests in several types of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development, or R&D), transshipment and improved land. It targets functional properties in infill locations that may be shared by multiple tenants and that cater to customer demand within the various submarkets in which it operates. It targets assets with characteristics such as located in high population coastal markets; close proximity to transportation infrastructure (such as seaports, airports, highways and railways), and situated in supply-constrained submarkets with barriers to new industrial development, as a result of physical and/or regulatory constraints, among others. It is an internally managed Maryland company.