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Kirkland says it advises Ares on logistics venture targeting up to $2.4 billion
Kirkland & Ellis announced that it had advised Ares Management on a joint venture between an Ares real estate fund and PSP Investments. The firm said the venture would invest up to $2.4 billion in U.S. logistics properties and included a seed portfolio in several industrial markets.
Key points
- Kirkland said the seed portfolio contained 14 properties totaling 5.2 million square feet.Kirkland & Ellis
- The firm identified California, Texas and New Jersey among the portfolio’s locations.Kirkland & Ellis
- The announcement named Michelle Kelban, Matthew Linsky and Natalia Ortiz as real-estate advisers.Kirkland & Ellis
- Kirkland said its team also included corporate, tax and debt-finance lawyers.Kirkland & Ellis