CA Ventures affiliate Centris Industrial REIT launches with $350m investment

Centris Industrial, an externally managed private REIT, has announced the closing of an equity investment of $350 million from its partners, comprising investment funds advised by Davidson Kempner Capital Management, Monarch Alternative Capital, Long Pond Capital and CA Ventures. The newly formed REIT was created to strategically invest in ground-up industrial and logistics projects across the United States. Centris is externally managed by Centris Holdings LP, a real estate investment management company affiliated with CA Ventures.

In connection with the announcement, representatives of Davidson Kempner and Monarch have joined the Centris board of directors. The Centris leadership team includes Michael Podboy, who has assumed the role of CEO, with the following direct reports: Joe Trinkle as COO and Southwest market officer, Steve Rowley as CIO and Southeast market officer, William Lu as executive vice president and market officer leading the REIT’s expansion across the We