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Logistics Property Co. Closes Second Fund at $1.8B
Chicago-based Logistics Property Company (LPC) closed its second develop-to-core fund, LPC Logistics Venture Two LP, with total equity commitments of $1.8 billion from several global institutional investors and co-investment by LPC. To date, 35% of the fund has been allocated to investments nationally.
The successful capital raise for Venture II “speaks to the opportunistic industrial real estate market and the strong develop-to-core strategy offering investors the ability to own Class A industrial facilities in tier one locations at an attractive basis,” said LPC CEO Jim Martell.
Venture II’s execution strategy is to buy well-located property in key U.S. markets, develop Class A industrial buildings to modern specifications, stabilize the assets and hold to assemble a geographically diverse portfolio.
MAM Real Estate, part of Macquarie Group and LPC’s majority shareholder, acted as the fund’s exclusive financial advisor and placement agent and partnered with the LPC management team in forming the platform.
- ◦Development
- ◦Financing
