An Ares Real Estate fund, managed by Ares Management Corp., and the Public Sector Pension Investment Board (PSP Investments) have established a new joint venture to invest up to $2.4 billion in logistics real estate opportunities in the United States.
The joint venture combines Ares Real Estate’s vertically integrated logistics investment capabilities and established sourcing network across its extensive footprint with PSP Investments’ scaled capital and shared conviction in the U.S. logistics sector. The joint venture will target attractive, cash-flowing assets in high-growth markets and includes a 5.2 million-square-foot seed portfolio comprising 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 and is a leader in the development and operation of modern logistics facilities, will lead sourcing and
