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Real Estate - DECEMBER 1, 2021

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Mapletree U.S. Logistics Private Trust closes at $1.4b

by Kali Persall

Mapletree Investments has closed its third private fund this year, Mapletree U.S. Logistics Private Trust (MUSLOG). The fund raised $1.4 billion in total equity, and was fully invested at closing, with $3.3 billion in assets.

MUSLOG was backed by a diversified group of new and repeat investors, including pension funds, insurance companies, investment companies, asset managers, and family offices.

The MUSLOG portfolio — which is 95 percent occupied — consists of 155 logistics properties across 19 U.S. states, located near major logistics infrastructures such as cargo airports, ports, intermodal nodes, and railway.

“Driven by shifts in consumer behavior towards e-commerce and supportive macro fundamentals, the U.S. logistics sector is poised for continued strong growth,” said Hiew Yoon Khong, group CEO of Mapletree. “MUSLOG brings the group’s global logistics AUM to $18 billion, positioning Mapletree as one of the top six logistics players globally.”

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