CLOSER LOOK: co-CIO Mike McCarthy on Cabot’s first Japan deal and Osaka opportunity

by Andrea Zander

In February, Cabot Properties acquired a 220,608-square-foot, multistory logistics warehouse in Minoh City, Osaka — its first investment in Japan. The transaction marks the firm’s strategic entry into one of the world’s most liquid and supply constrained industrial markets. In an exclusive interview with IREI, Mike McCarthy, co-CIO of Cabot’s Value Fund series, discusses the deal more in-depth, including why the firm views Greater Osaka as a compelling gateway for long-term logistics investment and how the asset aligns with Cabot’s focus on modern, infill facilities near major population centers. He also shares broader insights into the Japanese logistics landscape, highlighting the role of dense urban demand, evolving tenant requirements and the growing influence of ecommerce and third-party logistics operators. McCarthy also explains how Cabot built conviction in the market, the importance of local expertise and how supply dynamics and rental growth are shaping opportunities across Japan.

Digital Realty announces final close of $3.25b U.S. hyperscale data center fund

by Released

Digital Realty has completed a final close for its inaugural U.S. hyperscale data center fund, securing $3.25 billion of total equity commitments from a diverse group of global institutional investors, including public pensions, sovereign wealth funds, endowments and foundations, corporate pensions, insurance companies and asset managers, and family offices.

Q&A: Realty Income CFO on structuring the $1b Apollo partnership

by Andrea Zander

In an exclusive Q&A with IREI, Pong discussed the deal with Apollo and Realty Income Corp.’s broader push into private capital. “We are the first REIT to execute this type of structure,” he said. “This is a key part of our broader private capital strategy, which is now multi-pronged, and reflects a lot of work we have been doing behind the scenes.”