Ares Management and Canada's Public Sector Pension Investment Board have formed a joint venture to invest up to $2.4B in U.S. logistics real estate. The venture will target cash-flowing assets in high-growth markets and launches with a 5.2M-square-foot seed portfolio of 14 properties across key U.S. industrial hubs including California, Texas, and New Jersey. The partnership combines Ares Real Estate's vertically integrated logistics investment capabilities and sourcing network with PSP Investments' scaled capital. Dave Fazekas, head of North America Logistics at Ares Real Estate, cited accelerating onshoring, digital infrastructure buildout, and e-commerce growth as factors strengthening fundamentals for strategically placed logistics facilities. Marq Logistics, which represents Ares Real Estate's global logistics platform, will lead sourcing and manage the assets within the joint venture.
Ares Management LPAres forms a $2.4B joint venture with PSP Investments to invest in U.S. logistics real estate, expanding its real estate platform.
PSP Investments commits scaled capital to a $2.4B U.S. logistics real estate joint venture with Ares.
