Ares Management and PSP Investments Launch $2.4 Billion US Logistics Joint Venture
Ares Management (ARES) and PSP Investments have formed a joint venture to invest up to $2.4 billion in U.S. logistics real estate, starting with an initial portfolio of 14 properties totaling 5.2 million square feet across key industrial hubs like California, Texas, and New Jersey. The partnership leverages Ares' sourcing capabilities through its Marq Logistics platform alongside PSP's institutional capital to target cash-flowing assets in high-growth markets. The venture is designed to capitalize on durable demand for logistics facilities driven by e-commerce growth, digital infrastructure expansion, and increased domestic production. Both firms emphasized the constrained supply of quality industrial real estate as a key opportunity driver. Ares' Marq Logistics will manage asset sourcing and operations, reducing reliance on third-party managers. Ares reported over $671 billion in assets under management globally as of June 30, 2026, while PSP had C$320.6 billion in net assets under management as of March 31, 2026.
Tickers: $ARES
Topics: commercial_real_estate investment joint_venture logistics