An industrial fund open only to Latin American and European investors seeking access to the US property markets has closed at $500 million, Miami-based investment and development firm Black Salmon announced this week. 

Black Salmon said the fund will identify and make investments over the next 24 months with various operating partners. In partnership with InLight Real Estate Partners, Black Salmon has seeded with investments located in key industrial markets in the Sunbelt region including a 50-acre site five miles from the Port of Savannah, with plans to construct a Class A truck terminal and transload facility, as well as a multi-phased development project along I-85 northeast of Atlanta for a Class A distribution warehouse adjacent to a multi-billion-dollar electric car battery manufacturer.

The firm's investment strategy focuses on merchant build, opportunistic development, and value-add opportunities including distribution warehouses, industrial infrastructure assets, and cold storage. The announcement follows the firm closing a $250 million multifamily fund.