Xebec,  a Dallas-based industrial development and investment management platform, has announced that BentallGreenOak is investing $475 million of equity in Xebec-sponsored ventures. 

The strategic partnership includes an initial $170 million joint venture with Xebec Logistics Trust, LP in a portfolio of stabilized core assets and an initial commitment of up to $305 million to Xebec's future investment opportunities.

BentallGreenOak's majority investment in the joint venture formed with XLT funded the acquisition in March of five, fully-leased, new Class A industrial logistics assets totaling 1.6 million square feet and developed by Xebec. With the completion of BentallGreenOak's investment and the acquisition of these new assets, and the contribution of XLT's existing portfolio, the new joint venture comprises 13 industrial assets valued at approximately $560 million and totaling approximately 2.8 million square feet.