Ares, PSP Investments form joint venture to invest up to USD 2.4 billion in US logistics real estate
ARES•ARES•ARES•ARES•The joint venture was seeded with a 5.2 million-square-foot portfolio spanning 14 properties in major hubs including California, Texas, and New Jersey.
Marq Logistics will lead sourcing, operations, and asset management for the venture.
Ares Management formed a joint venture with PSP Investments to invest up to USD 2.4 billion in U.S. logistics real estate.
The strategy targets cash-flowing industrial assets in high-growth U.S. markets.
