Goldman Sachs Vintage Funds has made a strategic investment in a portfolio of last-mile logistics real estate. The portfolio is part of an investment vehicle owned by Elion Partners that is focused on first, middle and last-mile logistics real estate.
A minority-owned registered investment adviser, Elion recently aggregated a portfolio of more than three million square feet in strategic infill locations including six distribution buildings acquired this year.
"The impact of the crisis has resulted in increased demand for an already active logistics real estate market," Juan DeAngulo, managing partner at Elion said in prepared remarks. "E-commerce adaptation and the need for supply chain onshoring are both pre-crisis trends that have been accelerated, which have combined with the emergence of increased inventory levels as companies look to mitigate future volatility risk."
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
