Elion has made a series of acquisitions totaling 1.2 million square feet spread across 10 last-mile logistics assets for $245 million within the New Jersey, Los Angeles, Miami, Seattle and San Diego markets.
The firm's investment strategy is focused on last-mile logistics real estate, targeting infill locations in supply-constrained, core coastal markets. The acquisitions were completed during the third and fourth quarters of 2021 following the announcement of the firm's final closing of Elion Industrial Fund 1, which reached its hard cap of $500 million in August. Including these latest acquisitions, the fund has invested in 3.9 million square feet and more than $1 billion in gross asset value.
Sector Stayed Hot to Close 2021
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