Real Estate development and investment firm BEB Capital has launched a programmatic joint venture with private-equity firm Rockpoint Group. The joint venture will target an investment pipeline of up to $1 billion of industrial assets in the Northeastern United States, specifically in Long Island, N.Y.
The venture already has acquired nearly 660,000 square feet of assets.
“The U.S. industrial and last-mile logistics sector continues to be red-hot, and with the growth of e-commerce accelerating during the pandemic, we expect there to be continued strong demand in this asset class,” said Lee Brodsky, CEO of BEB Capital.
