Ares Real Estate and PSP Investments establish joint venture to invest up to $2.4 billion in U.S. logistics real estate

Type: Partnership · Technology: Industrial · Country: United States · Value: $2.4B · Announced: 2026-09-16

Ares Real Estate and the Public Sector Pension Investment Board (PSP Investments) established a joint venture to invest up to $2.4 billion in U.S. logistics real estate opportunities. The partnership combines Ares Real Estate's vertically integrated logistics investment capabilities and sourcing network with PSP Investments' scaled capital. The joint venture includes a 5.2 million-square-foot seed portfolio comprising 14 high-quality properties across key U.S. industrial hubs, including California, Texas, and New Jersey. Marq Logistics, Ares Real Estate's vertically integrated global logistics real estate platform, will lead sourcing and manage the assets within the joint venture. The deal underscores the strong positioning of Ares across its U.S. logistics footprint, driven by the acceleration of onshoring, buildout of digital infrastructure, and the growing influence of ecommerce.

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