The third quarter has a typical rhythm for us at Tempus. With the long summer days and the midyear lull around the Independence Day holiday, activity usually starts at a slower pace. But this year was different.
The quarter started off with the signing of major new tax legislation that had much in store for real estate investors. The OBBBA was signed into law in the first days of the quarter and brought increased depreciation deductions for new real estate investments, lowering taxes due on income from those investments.
This new development, paired with increasing market anticipation of lower interest rates, drove a notable uptick in transaction activity. While the data isn’t yet final — and it’s possible that actual closed transaction numbers for Q3 won’t fully reflect this when reported — pre-closing activity in the market has been noticeably higher. More deals are in play, more buyers are bidding on a broader profile of assets, and overall the market is showing signs of strengthening.
This momentum led to a busy quarter for the Tempus team, as we unveiled our latest portfolio of industrial properties in Indiana, Ohio, Pennsylvania, and Alabama, and began working through several possibilities for our next investment.
But aside from property purchases, there was one investment in Q3 that may very well yield the best return ever. In September, we launched a first-of-its-kind program called GROW at Murrell Taylor Elementary in Jacksonville, Arkansas — adopting an entire school and empowering students with financial education while providing them with 529 accounts for their future. On launch day, our team visited classrooms to talk with students about their dreams and share how excited we are to help them along their journey — turning those dreams into reality.
Moments like that remind us why we’re committed to building partnerships in everything we do. There are great things ahead, and we look forward to the many plans we have for Q4, 2026, and the years beyond. There’s much to be said for appreciating the journey — and these past few months are exactly why.
