Rockpoint, ADIA form $2b industrial real estate platform

Rockpoint has formed a platform with a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). The platform will target industrial investment opportunities representing approximately $2 billion in gross-asset value. The new investment vehicle will focus primarily on build-to-core industrial investments in high barrier-to-entry locations across infill, demand-driven, gateway and growth markets in the United States.

The platform follows Rockpoint’s announcement in February 2021 that the firm had formed a strategic partnership with Ben Harris, leading industrial real estate investor and operator. This strategic partnership is expected to continue to generate significant industrial investment opportunities for Rockpoint’s existing opportunistic and growth and income funds, in addition to opportunities for the new platform. Harris is an industrial sector veteran with more than 24 years of multi-cycle experience and has acquired, developed and/or operated nearly