Publications

Fundraising - NOVEMBER 20, 2020

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

The RMR Group closes $680m private capital investment vehicle

by Kali Persall

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

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.