Ares Management and Canada’s Public Sector Pension Investment Board (PSP Investments) formed a joint venture to invest up to $2.4 billion in U.S. logistics real estate. The partnership targets cash-flowing industrial properties in high-growth markets. Investment demand is driven by e-commerce, onshoring, and digital infrastructure expansion.
The venture debuted with a seed portfolio of 14 properties. These assets span 5.2 million square feet across California, Texas, and New Jersey.
Marq Logistics will manage sourcing and asset operations for the partnership. Marq serves as the vertically integrated logistics platform for Ares Real Estate. This deal expands the existing relationship between both firms.