SALT LAKE CITY, UT – Bridge Investment Group Holdings Inc. and the Townsend Group have formed a joint-venture partnership, with plans to deploy up to $400 million of equity to acquire, develop and operate global gateway institutional logistics assets within the U.S.
"Bridge's partnership with Townsend represents a significant milestone as we launch our value-add logistics strategy," says Jay Cornforth, CEO and co-chief investment officer for Bridge Investment Group Holdings' logistics properties vertical. "We are excited to work together with Townsend to address the opportunities created by the significant demand growth and the structural infill supply limitations in key logistics markets."
Since 2015, the Townsend Group has invested $7.9 billion in logistics in markets globally.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
