Capital is pouring into the logistics commercial real estate sector, with the latest initiative a joint venture between Arcapita Group Holdings and Arden Group.
Arcapita, a global alternative investment firm, is partnering with US real estate company Arden Group, to acquire multi-tenant industrial properties in urban centers across major markets in the US.
The new venture closed on an initial portfolio of properties valued at over $550 million, with an additional $250 million of properties closing in the near term. Plans are to grow the portfolio to up to $2 billion in gross asset value across the top 25 US industrial markets.
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