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Partners Group Trades U.S. Industrial Portfolio for $1B-Plus

Switzerland-based private equity firm Partners Group has sold a large-scale portfolio of U.S. industrial properties at a gross asset value of more than US$1 billion. Published reports say the buyer was AIG Real Estate, which is recapitalizing the portfolio with Equus Capital Partners.

Totaling 8.6 million square feet, the portfolio includes 88 properties in five markets across the Mid-Atlantic and Southeast. The properties include 74 light industrial buildings and 14 Class A bulk industrial buildings.

Ron Lamontagne, managing director, co-head private real estate Americas at Partners, said, “We continue to see relative value in the industrial sector and, in particular, we have conviction in last-mile distribution facilities, smaller urban logistics warehouses and cold storage facilities, which are supported by resilient structural market trends.”

Newtown Square, PA-based Equus, which acquired the portfolio alongside Partners, was represented in the recapitalization by JLL’s Mike Joseph, Doug Bond and Dan Cashdan.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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