Almanac Realty Investors, a business unit of Neuberger Berman, has made an additional $300 million capital allocation to CIP Real Estate.

The new round of equity capital will be targeted for acquisitions of industrial parks and truck logistics facilities throughout the Southeast, Texas and the West Coast, including strategic Southern California submarkets. Including an investment of $380 million made in 2019 by a prior fund, funds managed by Almanac have committed to invest up to $680 million of capital in the aggregate into the CIP platform as an institutional investment partner.

Since the formation of the Almanac partnership in October 2019, CIP Real Estate has aggregated a portfolio of industrial assets totaling more than $1.15 billion in major markets including Atlanta; Charlotte, N.