{"id":1004559634,"date":"2021-12-02T04:04:32","date_gmt":"2021-12-02T12:04:32","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004559634"},"modified":"2022-12-08T13:19:34","modified_gmt":"2022-12-08T21:19:34","slug":"investcorp-2-swfs-form-550m-venture","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/investcorp-2-swfs-form-550m-venture\/","title":{"rendered":"Investcorp, 2 Funds Form $550M Venture"},"content":{"rendered":"
\"Image<\/a>

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

Investcorp has partnered with two leading sovereign wealth funds to form a new $550 million venture intended to acquire U.S. industrial real estate assets.<\/p>\n

This partnership reportedly \u201cprovides the ability to acquire a critical mass of institutional-quality assets in premier logistics markets,\u201d to benefit from favorable operating fundamentals and tailwinds in the industrial sector, Investcorp said in a prepared statement. The investment vehicle will have the ability to amass about $1.6 billion of buying power.<\/p>\n

In the statement, Herb Myers, Investcorp\u2019s co-head of real estate, North America, noted the growth of e-commerce and the rising demand for last-mile logistics.<\/p>\n

\n

READ ALSO<\/strong>: While Supply Chain Slows, Logistics Real Estate Moves Fast<\/a><\/p>\n

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No further information was released about the venture, and an Investcorp spokesperson was unable to provide additional information requested by Commercial Property Executive<\/em>.<\/p>\n

In 2014\u20132015, Investcorp Real Estate leadership decided to focus their real estate investments on the industrial and residential sectors, the company noted.<\/p>\n

In October, Investcorp acquired 89 industrial properties, bumping its U.S. industrial real estate holdings to about $2.8 billion across approximately 27 million square feet in more than 385 buildings.<\/p>\n

Opportunities and concerns<\/h2>\n

Earlier this year, Invesco conducted a survey of 141 chief investment officers and other senior executives at 82 SWFs and 59 central banks.<\/p>\n

Overall, Invesco reported, these entities \u201ccontinue to see significant opportunities in real estate, with North America and developed Europe the preferred regions for investment.\u201d Industrial is among the most-favored product types.<\/p>\n

Nonetheless, climate change and COVID-19 are perceived as significant risks to CRE portfolios. Regarding the latter, \u201cMany highlighted the current market conditions as a buying opportunity, prepared to ride out short-term uncertainty and often emboldened by their long-term investment horizons,\u201d Invesco said.<\/p>\n

As to climate change, the survey found that \u201csovereigns are ramping up the consideration of climate risk during real estate valuations and due diligence.\u201d<\/p>\n

Barely a year ago, the RMR Group Inc. closed a $680 million private capital investment vehicle<\/a> focused on acquiring industrial and logistics properties in the U.S. The closing was facilitated by an investment from an unidentified global SWF.<\/p>\n

Around the same time, Ventas Inc. and GIC, Singapore\u2019s SWF, formed a joint venture to develop life science properties<\/a> totaling about $930 million. The initial four projects are in Philadelphia and Pittsburgh and at Arizona State University; the total of 1.4 million square feet was about 65 percent preleased at that time.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new vehicle will focus on industrial assets across the U.S.<\/p>\n","protected":false},"author":882,"featured_media":1004355062,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,22251,21748,21783,23891,21742],"tags":[32914,45407,32882],"class_list":["post-1004559634","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-in-focus","category-industrial","category-investment","category-national","category-latest","tag-e-commerce","tag-herb-myers","tag-investcorp"],"acf":[],"yoast_head":"\nInvestcorp, 2 Funds Form $550M Venture - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"The new vehicle will focus on industrial assets across the U.S. The new investment vehicle will focus on industrial assets across the U.S.\" \/>\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\/investcorp-2-swfs-form-550m-venture\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investcorp, 2 Funds Form $550M Venture\" \/>\n<meta property=\"og:description\" content=\"The new vehicle will focus on industrial assets across the U.S. The new investment vehicle will focus on industrial assets across the U.S.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/investcorp-2-swfs-form-550m-venture\/\" \/>\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=\"2021-12-02T12:04:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T21:19:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/big-box-facility-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\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\/investcorp-2-swfs-form-550m-venture\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/investcorp-2-swfs-form-550m-venture\/\",\"name\":\"Investcorp, 2 Funds Form $550M Venture - 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