Logistics Property Company will continue its quest to buy and develop well-located industrial property in U.S. markets.
Last week, it closed on its second develop-to-core fund, LPC Logistics Venture Two, with total equity commitments of $1.8 billion from several global institutional investors and co-investment by LPC.
Like with its Venture One, LPC's second fund "speaks to the opportunistic industrial real estate market and the strong develop-to-core strategy offering investors the ability to own Class A industrial facilities in tier one locations at an attractive basis," LPC's CEO Jim Martell said in prepared remarks.
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