{"id":1004474143,"date":"2020-08-27T04:23:07","date_gmt":"2020-08-27T12:23:07","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004474143"},"modified":"2020-08-27T04:23:07","modified_gmt":"2020-08-27T12:23:07","slug":"goldman-sachs-invests-in-last-mile-specialist","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/goldman-sachs-invests-in-last-mile-specialist\/","title":{"rendered":"Goldman Sachs Invests in Last-Mile Specialist"},"content":{"rendered":"<div id=\"attachment_1004474161\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Juan-DeAngulo.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004474161\" data-attachment-id=\"1004474161\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/goldman-sachs-invests-in-last-mile-specialist\/juan-deangulo\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Juan-DeAngulo.jpg\" data-orig-size=\"400,299\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Juan DeAngulo\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Juan DeAngulo, Managing Partner, Elion Partners. Image courtesy of Elion Partners&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Juan-DeAngulo.jpg?w=400\" class=\"wp-image-1004474161 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Juan-DeAngulo.jpg\" alt=\"\" width=\"300\" height=\"224\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Juan-DeAngulo.jpg 400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Juan-DeAngulo.jpg?resize=300,224 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004474161\" class=\"wp-caption-text\">Juan DeAngulo, Managing Partner, Elion Partners. <em>Image courtesy of Elion Partners<\/em><\/p><\/div>\n<p>Elion Partners has become the recipient of a strategic investment from Goldman Sachs Vintage Funds in an Elion-sponsored investment vehicle that holds an existing portfolio of <a href=\"https:\/\/www.commercialsearch.com\/news\/logistics-real-estate-set-for-brisk-recovery-in-prologis-report\/\">last-mile logistics real estate<\/a>.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/infill-logistics-demand-to-last-report\/\">Infill Logistics Demand to Last: Report<\/a><\/p>\n<hr>\n<p>The investment will let Elion\u2019s vehicle continue to target logistics real estate in strategic infill locations in high-growth urban markets. The amount of the investment was not disclosed, and an Elion spokesperson was unable to provide <em>Commercial Property Executive<\/em> with additional information.<\/p>\n<p>In May 2020, Goldman Sachs announced that it had raised its second dedicated real estate secondaries fund, Vintage Real Estate Partners II, with about $2.8 billion in capital commitments. The fund invests globally in both traditional real estate limited partnership interests, as well as more complex structured and non-traditional secondary transactions.<\/p>\n<p>The investment follows a period of expansion for Elion, on more than one front. Elion has recently assembled a portfolio totaling more than 3 million square feet in strategic infill locations across core U.S. markets, including six distribution buildings acquired just this year. In April, the firm expanded to the West Coast with the hiring of Seattle-based Senior Managing Director James Lambert, who joined Elion from Amazon Logistics. As a vertically integrated firm, Elion owns and operates logistics assets in closed-end fund structures and permanent capital vehicles.&nbsp;<\/p>\n<h2>Supply chain changes<\/h2>\n<p>In a prepared statement,&nbsp; Juan DeAngulo, an Elion managing partner, noted that the pre-pandemic trends of \u201c<em>e-commerce adaptation and the need for supply chain onshoring \u2026 have been accelerated, which have combined with the emergence of increased inventory levels as companies look to mitigate future volatility risk<\/em>.\u201d<\/p>\n<p>Earlier this month, an Elion Partners report contended that the sudden shock of the coronavirus pandemic revealed weaknesses in an e-commerce\u2013driven supply chain that had already been expanding rapidly. The report called for greater supply chain resilience through approaches such as \u201c<em>buffer stock<\/em>,\u201d that is, keeping more product supply closer to end-users, typically in infill locations.<\/p>\n<p>In February, Elion Partners <a href=\"https:\/\/www.commercialsearch.com\/news\/elion-partners-buys-south-florida-last-mile-facility\/\">acquired a 158,000-square-foot last-mile distribution building<\/a> in Deerfield Beach, Fla., for $22 million. Just 12 months prior, in a joint venture with Buchanan Partners, Elion had purchased a <a href=\"https:\/\/www.commercialsearch.com\/news\/elion-partners-buchanan-acquire-dc-area-industrial-portfolio\/\">34-property, 1.6 million-square-foot industrial portfolio<\/a> in metro Washington, D.C.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elion Partners is the recipient of a strategic investment from the firm&#8217;s Vintage Real Estate Partners II fund for a vehicle that largely focuses on logistics assets.<\/p>\n","protected":false},"author":882,"featured_media":1004474161,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21825,21748,21783,23891,21742],"tags":[32914,36333,33435],"class_list":["post-1004474143","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-finance","category-industrial","category-investment","category-national","category-latest","tag-e-commerce","tag-elion-partners","tag-goldman-sachs"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Goldman Sachs Invests in Last-Mile Specialist - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/goldman-sachs-invests-in-last-mile-specialist\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Goldman Sachs Invests in Last-Mile Specialist\" \/>\n<meta property=\"og:description\" content=\"Elion Partners is the recipient of a strategic investment from the firm&#039;s Vintage Real Estate Partners II fund for a vehicle that largely focuses on logistics assets.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/goldman-sachs-invests-in-last-mile-specialist\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-27T12:23:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Juan-DeAngulo.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"299\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/goldman-sachs-invests-in-last-mile-specialist\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/goldman-sachs-invests-in-last-mile-specialist\/\",\"name\":\"Goldman Sachs Invests in Last-Mile Specialist - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/goldman-sachs-invests-in-last-mile-specialist\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/goldman-sachs-invests-in-last-mile-specialist\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Juan-DeAngulo.jpg\",\"datePublished\":\"2020-08-27T12:23:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/goldman-sachs-invests-in-last-mile-specialist\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/goldman-sachs-invests-in-last-mile-specialist\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/goldman-sachs-invests-in-last-mile-specialist\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Juan-DeAngulo.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Juan-DeAngulo.jpg\",\"width\":400,\"height\":299,\"caption\":\"Juan DeAngulo, Managing Partner, Elion Partners. Image courtesy of Elion Partners\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/goldman-sachs-invests-in-last-mile-specialist\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Goldman Sachs Invests in Last-Mile Specialist\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\",\"name\":\"Scott Baltic\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/06\/Scott.jpg?w=96\",\"caption\":\"Scott Baltic\"},\"description\":\"Scott Baltic has been a contributing editor with Commercial Property Executive since 2011 and also wrote for its predecessor, Commercial Property News. He started writing about CRE in 1988 for a group of Chicago-based publications and in 1989 became the editor of Midwest Real Estate News. After moving on from there in 1991, Baltic continued writing occasionally about real estate, for publications like the Chicago Sun-Times, National Real Estate Investor, Urban Land, Shopping Center World and Architect\u2019s Newspaper. He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Goldman Sachs Invests in Last-Mile Specialist - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/goldman-sachs-invests-in-last-mile-specialist\/","og_locale":"en_US","og_type":"article","og_title":"Goldman Sachs Invests in Last-Mile Specialist","og_description":"Elion Partners is the recipient of a strategic investment from the firm's Vintage Real Estate Partners II fund for a vehicle that largely focuses on logistics assets.","og_url":"https:\/\/www.commercialsearch.com\/news\/goldman-sachs-invests-in-last-mile-specialist\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2020-08-27T12:23:07+00:00","og_image":[{"width":400,"height":299,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Juan-DeAngulo.jpg","type":"image\/jpeg"}],"author":"Scott Baltic","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/goldman-sachs-invests-in-last-mile-specialist\/","url":"https:\/\/www.commercialsearch.com\/news\/goldman-sachs-invests-in-last-mile-specialist\/","name":"Goldman Sachs Invests in Last-Mile Specialist - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/goldman-sachs-invests-in-last-mile-specialist\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/goldman-sachs-invests-in-last-mile-specialist\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Juan-DeAngulo.jpg","datePublished":"2020-08-27T12:23:07+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/goldman-sachs-invests-in-last-mile-specialist\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/goldman-sachs-invests-in-last-mile-specialist\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/goldman-sachs-invests-in-last-mile-specialist\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Juan-DeAngulo.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/08\/Juan-DeAngulo.jpg","width":400,"height":299,"caption":"Juan DeAngulo, Managing Partner, Elion Partners. 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