Realterm has secured $150 million in capital commitments for its open-ended fund, Realterm Airport Logistics Properties (RALP), bringing the total capital raised to $900 million of equity commitments since it launched in 2015.
RALP serves as the exclusive investment platform for Aeroterm, a company specializing in on-airport industrial facilities, focusing on the development, redevelopment and acquisition of on-airport air cargo and aviation-related support facilities.
RALP is comprised of 110 properties at 37 airports across North America totaling around $1.6 billion of assets under management. The new capital commitments will, in part, support four active development projects across the United States.“This successful raise allows our team and investors to continue supporting airports and the surrounding communities, which are at the forefront of technology, trade, travel and security,” said David Rose, managing director and senior fund manager.
