Missouri-based ElmTree Funds has closed a transaction with Guggenheim Investments focused on investing in industrial ecommerce assets throughout the United States.
Guggenheim, on behalf of its clients, has provided a $600 million equity commitment to fund the partnership.
As part of the transaction, ElmTree, which specializes in acquiring build-to-suit properties net-leased to investment-grade tenants, will invest in industrial real estate assets tied to the ecommerce, last-mile and logistics sectors. These assets are in high demand as more corporations aim to efficiently build out supply chains to incorporate faster delivery times as a result of consumer demand.
“This strategic partnership provides fresh capital to continue investing in mission-critical assets that are in high demand across the country, while generating steady, long-term cash flow,” said James Koman, CEO and founder of ElmTree.
