Atlanta-based industrial developer and real estate investor Stonemont Financial Group has announced that is has established a joint venture with an affiliate of alternative investment firm Cerberus Capital Management. The new partnership will be focused on building a large-scale portfolio of logistics and outdoor storage industrial real estate across the United States.

Stonemont currently has more than 15 million square feet of industrial real estate under management. Cerberus Real Estate has deployed approximately $29 billion of equity in more than 575 transactions around the world. The joint venture leverages the firms’ combined capabilities and targets to build a billion-dollar portfolio of industrial service facility assets, which play a key role in the logistics supply chain.

“As e-commerce activity continues to gain market share, there is no question that industrial service facilities will likely become one of the most sought-after asset classes in the country,” said Zack Markwell, CEO at Stonemont Financial Group. “This joint venture is a unique opportunity to combine our market knowledge with Cerberus’ global expertise to build a national portfolio of mission-critical industrial real estate.”