Longpoint Partners has closed its joint venture with Brookfield through its Real Estate Secondaries business and has recapitalized a $700-million, 3.8-million-square-foot national logistics portfolio that was held in one of Longpoint's closed-end funds.
Longpoint, a Boston-based real estate investment company, will maintain an interest in the portfolio and continue to manage the day-to-day operations.
The portfolio comprises 31 logistics assets located in infill locations in high-growth markets including New Jersey, Washington, D.C., Dallas, South Florida, and Boston. The assets are approximately 97% leased to a diversified roster of over 200 tenants.
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