The RMR Group closes $680m private capital investment vehicle

The RMR Group has closed a $680 million private capital investment vehicle with a large global sovereign wealth fund. RMR will manage the vehicle on behalf of its investors, which include the new sovereign wealth fund investor, an existing institutional investor and Industrial Logistics Properties Trust.

The $680 million vehicle will invest in industrial and logistics properties throughout the United States. It currently owns 12 industrial properties totaling 9.2 million square feet in nine states.  As of Sept. 30, these properties were 100 percent leased.

“We believe that well-located and well-leased industrial and logistics properties in the U.S. are positioned to produce exceptional returns for investors in the future,” said Adam Portnoy, president and CEO of RMR. “We look forward to growing this vehicle through the acquisition of industrial and logistic properties in the future.”

Portnoy added, “We also hope that this private capital investment ve