Key Takeaways
- • Ares Management and the Public Sector Pension Investment Board (PSP Investments) have established a joint venture to invest up to $2.4 billion in U.S. logistics real estate.
- • The JV includes 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 JV's assets; Marq manages over 2,250 properties totaling more than 655 million square feet globally.
- • The venture targets cash-flowing assets in high-growth markets, with the partners citing onshoring, digital infrastructure buildout and e-commerce growth as demand drivers.
Summary
Ares Management and the Public Sector Pension Investment Board (PSP Investments) 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. The partnership pairs Ares Real Estate's vertically integrated logistics investment capabilities and sourcing network with PSP Investments' scaled capital, targeting attractive, cash-flowing assets in high-growth markets.
The JV includes a seed portfolio of 14 high-quality properties totaling 5.2 million square feet across key U.S. industrial hubs, including California, Texas, and New Jersey. Marq Logistics, the Ares Real Estate platform focused on developing and operating modern logistics facilities, will lead sourcing and manage the assets. Marq manages more than 2,250 properties totaling over 655 million square feet globally.
Eastdil Secured Savills advised Ares as financial advisor and Kirkland & Ellis as legal advisor. Cushman & Wakefield advised PSP Investments as financial advisor and Fried, Frank, Harris, Shriver & Jacobson as legal advisor.
Ares Management reported more than $671 billion in assets under management as of June 30, 2026. PSP Investments, one of Canada's largest pension investors, reported C$320.6 billion in net assets under management as of March 31, 2026, and invests across capital markets, private equity, real estate, infrastructure, natural resources and credit.
Dave Fazekas, Head of North America Logistics at Ares Real Estate, said the partnership reflects Ares' positioning across its U.S. logistics footprint and cited onshoring, digital infrastructure buildout and e-commerce growth as strengthening investment 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.
The JV includes a seed portfolio of 14 high-quality properties totaling 5.2 million square feet across key U.S. industrial hubs, including California, Texas, and New Jersey. Marq Logistics, the Ares Real Estate platform focused on developing and operating modern logistics facilities, will lead sourcing and manage the assets. Marq manages more than 2,250 properties totaling over 655 million square feet globally.
Eastdil Secured Savills advised Ares as financial advisor and Kirkland & Ellis as legal advisor. Cushman & Wakefield advised PSP Investments as financial advisor and Fried, Frank, Harris, Shriver & Jacobson as legal advisor.
Ares Management reported more than $671 billion in assets under management as of June 30, 2026. PSP Investments, one of Canada's largest pension investors, reported C$320.6 billion in net assets under management as of March 31, 2026, and invests across capital markets, private equity, real estate, infrastructure, natural resources and credit.
Dave Fazekas, Head of North America Logistics at Ares Real Estate, said the partnership reflects Ares' positioning across its U.S. logistics footprint and cited onshoring, digital infrastructure buildout and e-commerce growth as strengthening investment 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.
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