Two foreign institutional investors have gathered billions of dollars to target the US industrial market, according to two separate announcements that were made almost simultaneously.
In one, global alternative investment firm Investcorp, in partnership with two sovereign wealth funds, announced the formation of a new venture to acquire industrial real estate assets in the US.
The other announcement was made by Mapletree Investments, which reported it has closed its third private fund for the year, Mapletree US Logistics Private Trust at $1.4 billion in total fund equity.
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