Bridge Investment Group, Townsend Group form second global gateway institutional logistics venture

Bridge Logistics Value Fund II GP, an affiliate of Bridge Investment Group Holdings, and The Townsend Group have formed a joint venture to deploy $147 million of equity, with the option for upsizing to $200 million, to acquire, develop, and operate global gateway logistics assets in the United States.

The partnership follows the first joint venture, announced in December 2021, in which the team committed $335 million of equity in similar assets.

“We are excited to partner with Townsend to capitalize on new opportunities created by the current environment and to leverage our experience and longstanding relationships to access potential investments,” said Jay Cornforth, CEO of Bridge Logistics Properties (BLP). “Our focus on gateway, infill markets is positioned to benefit from long-standing secular trends, which are driving exponential demand growth along with structural infill supply limitations.”