Ares and PSP Investments Launch $2.4 Billion U.S. Logistics Joint Venture

M&A · Partnership

โดย Business Wire·

Summary · why it matters

Ares Management Corporation and the Public Sector Pension Investment Board, known as PSP Investments, announced a new joint venture to invest up to $2.4 billion in U.S. logistics real estate opportunities. An Ares Real Estate fund and PSP Investments will combine Ares Real Estate's vertically integrated logistics investment capabilities and sourcing network with PSP Investments' scaled capital, targeting cash-flowing assets in high-growth markets. The joint venture includes a 5.2 million-square-foot seed portfolio of 14 high-quality properties across key U.S. industrial hubs including California, Texas and New Jersey. Marq Logistics, which represents Ares Real Estate's vertically integrated global logistics real estate platform, will lead sourcing and manage the assets within the joint venture. Dave Fazekas, Head of North America Logistics in Ares Real Estate, said the deal underscores Ares' positioning across its U.S. logistics footprint, while Laurence Bastien, Managing Director, Real Estate Investments, Americas at PSP Investments, cited durable demand drivers and structurally constrained supply in the submarkets that matter most. Eastdil Secured Savills and Kirkland & Ellis LLP advised Ares, while Cushman & Wakefield and Fried, Frank, Harris, Shriver & Jacobson LLP advised PSP Investments.

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