Logistics Property Co. (LogiPropCo) has closed a value-add joint venture with a large U.S. public pension fund. This value-add venture is the company’s third venture with institutional investors since its founding in 2018. LogiPropCo’s first two ventures, which raised approximately $3 billion of total capital from leading global institutional investors, focused on develop-to-core logistics facilities across the United States. In the past eight years, the company has developed approximately 30 million square feet across 14 key markets.
“We believe in the continued demand for industrial product,” said Jim Martell, CEO at Logistics Property Co. “We have an active pipeline of properties to leverage our platform and continue building our portfolio across the risk-return spectrum.”
As part of the firm’s strategy to expand into acquiring existing properties, LogiPropCo bolstered its existing team by hiring two senior acquisitions professionals to lead the value-
