Wells Fargo invests in industrial logistics via Elion Partners

Elion Partners, a real estate investment firm, announced an equity commitment from Wells Fargo Bank N.A. to an Elion-sponsored investment vehicle focused on the acquisition of first-, middle- and last-mile logistics real estate in targeted infill coastal markets. The investment vehicle holds an existing portfolio of industrial logistics assets.

Overall, Elion’s real estate platform has transacted on $2 billion in assets. As a vertically integrated firm, Elion serves as a fiduciary for its capital partners while operating its underlying portfolio in-house through a dedicated team. The firm’s assets are held in closed-end fund structures and permanent capital vehicles. Elion is a minority-owned registered investment adviser.

In August, Elion sold a portfolio of 12 last-mile logistics assets in South Florida that were aggregated through one-off off-market transactions. The firm also recently announced its expansion to the West Coast with the acquisition of a last-mile