Realterm Airport Logistics fund raises $150m
Realterm, a value-added real estate operator, has raised an additional $150 million for its open-end fund Realterm Airport Logistics Properties (RALP). The fund has now raised a total of $750 million in commitments to capitalize its investment activities.
RALP invests in high-flow-through on-airport logistics real estate throughout North America. According to Realterm, it serves as the exclusive investment platform for the firm’s wholly owned subsidiary, Aeroterm, which focuses on the development, redevelopment and acquisition of on-airport air cargo and aviation-related support facilities.
Realterm said the fundraise will help support a pipeline of projects valued at $300 million across RALP's North American portfolio.
The open-end fund’s investments comprise 133 properties at 36 airports, representing a total of $1.3 billion of assets under management.
“Our ability to help foster job growth, sustainability and efficiency across North American airp