Key Takeaways
- • Ares Management and PSP Investments established a new joint venture to invest up to $2.4 billion in U.S. logistics real estate, according to a Business Wire announcement.
- • The joint venture begins with a 5.2 million-square-foot seed portfolio of 14 properties across key U.S. industrial hubs, including California, Texas and New Jersey.
- • Marq Logistics, Ares Real Estate's vertically integrated logistics platform, will lead sourcing and manage the joint venture's assets.
- • The venture pairs Ares' logistics operating capabilities with PSP Investments' scaled capital, targeting cash-flowing assets in high-growth markets.
- • Eastdil Secured and Savills advised Ares and Cushman & Wakefield advised PSP Investments, with Kirkland & Ellis and Fried, Frank, Harris, Shriver & Jacobson serving as legal counsel.
Summary
Ares Management Corporation (NYSE: ARES) and the Public Sector Pension Investment Board (PSP Investments), one of Canada's largest pension investors, have established a new joint venture to invest up to $2.4 billion in logistics real estate opportunities in the United States, according to the announcement issued via Business Wire. The venture is structured between an Ares Real Estate fund and PSP Investments.
The joint venture combines Ares Real Estate's vertically integrated logistics investment capabilities and sourcing network with PSP Investments' scaled capital and shared conviction in the U.S. logistics sector. It targets attractive, cash-flowing assets in high-growth markets. The initial seed portfolio totals 5.2 million square feet across 14 high-quality properties in key U.S. industrial hubs, including California, Texas and New Jersey.
Marq Logistics, described as the platform representing Ares Real Estate's vertically integrated global logistics real estate business, will lead sourcing and manage the joint venture's assets. Dave Fazekas, Head of North America Logistics at Ares Real Estate, said the partnership underscores Ares' positioning across its U.S. logistics footprint and cited onshoring, digital infrastructure buildout and e-commerce growth as supporting fundamentals. Laurence Bastien, Managing Director, Real Estate Investments, Americas at PSP Investments, said the U.S. logistics sector benefits from durable demand drivers and structurally constrained supply in key submarkets, and that the partnership allows PSP to invest in high-quality assets at scale alongside an operating platform.
Eastdil Secured and Savills acted as financial advisor, and Kirkland & Ellis LLP as legal advisor, to Ares. Cushman & Wakefield acted as financial advisor, and Fried, Frank, Harris, Shriver & Jacobson LLP as legal advisor, to PSP Investments. Ares reported over $671 billion in assets under management as of June 30, 2026, and PSP Investments reported C$320.6 billion in net assets under management as of March 31, 2026.
The joint venture combines Ares Real Estate's vertically integrated logistics investment capabilities and sourcing network with PSP Investments' scaled capital and shared conviction in the U.S. logistics sector. It targets attractive, cash-flowing assets in high-growth markets. The initial seed portfolio totals 5.2 million square feet across 14 high-quality properties in key U.S. industrial hubs, including California, Texas and New Jersey.
Marq Logistics, described as the platform representing Ares Real Estate's vertically integrated global logistics real estate business, will lead sourcing and manage the joint venture's assets. Dave Fazekas, Head of North America Logistics at Ares Real Estate, said the partnership underscores Ares' positioning across its U.S. logistics footprint and cited onshoring, digital infrastructure buildout and e-commerce growth as supporting fundamentals. Laurence Bastien, Managing Director, Real Estate Investments, Americas at PSP Investments, said the U.S. logistics sector benefits from durable demand drivers and structurally constrained supply in key submarkets, and that the partnership allows PSP to invest in high-quality assets at scale alongside an operating platform.
Eastdil Secured and Savills acted as financial advisor, and Kirkland & Ellis LLP as legal advisor, to Ares. Cushman & Wakefield acted as financial advisor, and Fried, Frank, Harris, Shriver & Jacobson LLP as legal advisor, to PSP Investments. Ares reported over $671 billion in assets under management as of June 30, 2026, and PSP Investments reported C$320.6 billion in net assets under management as of March 31, 2026.
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