Bridge Investment Group and the Townsend Group for $400m JV

Bridge Investment Group Holdings and The Townsend Group have signed a definitive agreement forming a joint venture with options to deploy as much as $400 million of equity to acquire, develop and operate global gateway institutional logistics assets within the United States.

“Bridge’s partnership with Townsend represents a significant milestone as we launch our value-add logistics strategy,” commented Jay Cornforth, CEO and co-CIO for Bridge’s logistics properties vertical. “We are excited to work together with Townsend to address the opportunities created by the significant demand growth and the structural infill supply limitations in key logistics markets.”

Townsend has invested $7.9 billion in logistics in developed and developing markets globally since 2015.

“Bridge is a skilled operating partner and well positioned to execute on this gateway, infill logistics market strategy. The strategic approach to developing a portfolio and hands-on nature