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Rockpoint, Abu Dhabi Investment Authority Form JV to Plunk $2B into Industrial
Boston, MA-based Rockpoint has formed a platform with a wholly owned subsidiary of the Abu Dhabi Investment Authority. The platform will target industrial investment opportunities representing approximately $2 billion in gross asset value.
Concurrently, the platform announced the closing of its first investment, a 117,520-square-foot, Class A industrial development project on a 10.6-acre site in Silicon Valley’s supply-constrained South San Jose, CA submarket.
The new investment vehicle will focus primarily on build-to-core industrial investments in high barrier-to-entry locations across infill, demand-driven, gateway and growth markets in the U.S.
September 30, 2021, Rockpoint’s investment team with others has invested or committed to invest in 460 transactions with a total peak capitalization of approximately $70 billion (inclusive of fund equity, co-investor equity and debt).
- ◦Financing