{"id":1004546936,"date":"2021-01-27T05:19:00","date_gmt":"2021-01-27T13:19:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004546936"},"modified":"2022-12-08T07:50:08","modified_gmt":"2022-12-08T15:50:08","slug":"new-600m-partnership-to-target-e-commerce-assets","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/new-600m-partnership-to-target-e-commerce-assets\/","title":{"rendered":"New $600M Partnership to Target E-Commerce Assets"},"content":{"rendered":"
\"\"

Image by falco via Pixabay.com<\/p><\/div>\n

ElmTree Funds has completed a transaction with Guggenheim Investments that paves the way for a new partnership between the two companies. Under the terms of the agreement, Guggenheim made a $600 million equity commitment on behalf of its clients to fund the partnership, which will focus on the acquisition of industrial e-commerce properties across the U.S.<\/p>\n

\n

READ ALSO<\/strong>: National Industrial Report \u2013 January 2021<\/a><\/p>\n

\n

ElmTree’s role in the partnership will entail utilizing its expertise in acquiring net-leased, build-to-suit properties to invest in industrial real estate assets connected to the e-commerce, last-mile and logistics sectors. The partners contend that these assets are in high demand as more corporations attempt to build out supply chains to accommodate customers’ increasingly loud cry for faster delivery times. It’s in fact a long-brewing trend that came to a boil with the pandemic.<\/p>\n

“An array of evidence supports the consensus that the [COVID-19-induced] lockdown was an accelerant that gave several trends in commercial real estate a push. Despite damage to the labor market, national and world economies, companies positioned for e-commerce have won a dramatically increased share of total sales. Consequently, skyrocketing online sales have intensified already-strong demand in key markets for big-box and last-mile distribution facilities,” according to a fourth quarter report by Lee & Associates. Net absorption in the national industrial sector totaled 99.2 million square feet in the fourth quarter of 2020, the strongest quarter on record, according to the report, and the 203.7 million square feet of net absorption in 2020 marked a 27 percent increase over 2019.<\/p>\n

Industrial-fund bandwagon<\/strong><\/h2>\n

Many investors are eager to put their money into the booming industrial sector, and new funds are popping up to accommodate them. In December 2020, CBRE announced it had been chosen to provide fund and property accounting services for a new U.S.-based industrial fund managed by GLP Capital Partners. Also in December, Stockbridge, acting on behalf of its investors, announced it had formed a joint venture with the National Pension Service of Korea to acquire industrial assets in the U.S. In partnership with Stockbridge\u2019s open-end core fund and an additional institutional investor, the joint venture committed to purchasing a 14.3-million-square-foot portfolio<\/a> of Class A logistics facilities\u2014the largest transaction by value of industrial properties since the onset of the pandemic\u2014occupied predominantly by e-commerce tenants.<\/p>\n","protected":false},"excerpt":{"rendered":"

ElmTree Funds has joined forces with Guggenheim Investments to acquire industrial properties across the U.S., with a focus on last-mile and logistics facilities. <\/p>\n","protected":false},"author":969,"featured_media":1004546937,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21825,21748,21742],"tags":[32789,32914,35789,45887,32762],"class_list":["post-1004546936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-industrial","category-latest","tag-cbre","tag-e-commerce","tag-elmtree-funds","tag-guggenheim-investments","tag-lee-associates"],"acf":[],"yoast_head":"\nNew $600M Partnership to Target E-Commerce Assets - 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\/new-600m-partnership-to-target-e-commerce-assets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New $600M Partnership to Target E-Commerce Assets\" \/>\n<meta property=\"og:description\" content=\"ElmTree Funds has joined forces with Guggenheim Investments to acquire industrial properties across the U.S., with a focus on last-mile and logistics facilities.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/new-600m-partnership-to-target-e-commerce-assets\/\" \/>\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=\"2021-01-27T13:19:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T15:50:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Image-by-falco-via-Pixabay-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"960\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\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\/new-600m-partnership-to-target-e-commerce-assets\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/new-600m-partnership-to-target-e-commerce-assets\/\",\"name\":\"New $600M Partnership to Target E-Commerce Assets - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/new-600m-partnership-to-target-e-commerce-assets\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/new-600m-partnership-to-target-e-commerce-assets\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Image-by-falco-via-Pixabay-1.jpg\",\"datePublished\":\"2021-01-27T13:19:00+00:00\",\"dateModified\":\"2022-12-08T15:50:08+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/new-600m-partnership-to-target-e-commerce-assets\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/new-600m-partnership-to-target-e-commerce-assets\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/new-600m-partnership-to-target-e-commerce-assets\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Image-by-falco-via-Pixabay-1.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Image-by-falco-via-Pixabay-1.jpg\",\"width\":1280,\"height\":960,\"caption\":\"Image by falco via Pixabay.com\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/new-600m-partnership-to-target-e-commerce-assets\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"New $600M Partnership to Target E-Commerce Assets\"}]},{\"@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\/d1edda962dd3af55af8a203870f9fc32\",\"name\":\"Barbra Murray\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"caption\":\"Barbra Murray\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"New $600M Partnership to Target E-Commerce Assets - 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\/new-600m-partnership-to-target-e-commerce-assets\/","og_locale":"en_US","og_type":"article","og_title":"New $600M Partnership to Target E-Commerce Assets","og_description":"ElmTree Funds has joined forces with Guggenheim Investments to acquire industrial properties across the U.S., with a focus on last-mile and logistics facilities.","og_url":"https:\/\/www.commercialsearch.com\/news\/new-600m-partnership-to-target-e-commerce-assets\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2021-01-27T13:19:00+00:00","article_modified_time":"2022-12-08T15:50:08+00:00","og_image":[{"width":1280,"height":960,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Image-by-falco-via-Pixabay-1.jpg","type":"image\/jpeg"}],"author":"Barbra Murray","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\/new-600m-partnership-to-target-e-commerce-assets\/","url":"https:\/\/www.commercialsearch.com\/news\/new-600m-partnership-to-target-e-commerce-assets\/","name":"New $600M Partnership to Target E-Commerce Assets - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/new-600m-partnership-to-target-e-commerce-assets\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/new-600m-partnership-to-target-e-commerce-assets\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Image-by-falco-via-Pixabay-1.jpg","datePublished":"2021-01-27T13:19:00+00:00","dateModified":"2022-12-08T15:50:08+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/new-600m-partnership-to-target-e-commerce-assets\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/new-600m-partnership-to-target-e-commerce-assets\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/new-600m-partnership-to-target-e-commerce-assets\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Image-by-falco-via-Pixabay-1.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Image-by-falco-via-Pixabay-1.jpg","width":1280,"height":960,"caption":"Image by falco via Pixabay.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/new-600m-partnership-to-target-e-commerce-assets\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"New $600M Partnership to Target E-Commerce Assets"}]},{"@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\/d1edda962dd3af55af8a203870f9fc32","name":"Barbra Murray","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","caption":"Barbra Murray"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/08\/Image-by-falco-via-Pixabay-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004546936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/969"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004546936"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004546936\/revisions"}],"predecessor-version":[{"id":1004546947,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004546936\/revisions\/1004546947"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004546937"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004546936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004546936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004546936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}