Ares and PSP Investments Establish Joint Venture to Invest Up to $2.4 Billion in U.S. Logistics Real Estate

Ares and PSP Investments Establish Joint Venture to Invest Up to $2.4 Billion in U.S. Logistics Real Estate

Partnership pairs Ares Real Estate’s vertically integrated logistics platform with PSP Investments’ scaled capital to target high-conviction markets NEW YORK & MONTRÉAL — Ares Management Corporation (NYSE: ARES), a leading global alternative investment manager, and the Public Sector Pension Investment Board (“PSP Investments”), one of Canada’s largest pension investors, announced today that an Ares Real […]

Ares, PSP Investment Form $2.4B Logistics Fund

Ares Management is diving deeper into the waters of U.S. logistics.  The $670 billion private equity powerhouse announced Wednesday that it has formed a joint venture with Canada’s Public Sector Pension Investment Board (PSP Investments) to invest up to $2.4 billion into the development and acquisition of U.S. logistics facilities.  Ares plans to combine its […]

Ares, Canadian Pension Investor Form $2.4B JV

The JV launched with a 5.2M SF portfolio of 14 logistics properties across states including California, Texas and New Jersey.

Ares and PSP Investments Form U.S. Logistics Venture Targeting $2.4 Billion

Ares Management Corporation and Public Sector Pension Investment Board, known as PSP Investments, have formed a joint venture to invest up to $2.4 billion in U.S. logistics real estate, beginning with a 5.2 million-square-foot portfolio across major industrial markets. The venture’s seed portfolio comprises 14 properties in locations including California, Texas and New Jersey. Its strategy centers on income-producing assets in high-growth market…