Key Takeaways
- • Ares Management and PSP Investments establish a joint venture with up to $2.4 billion in committed capital targeting U.S. logistics real estate opportunities across high-growth markets.
- • The venture launches with a 5.2 million-square-foot seed portfolio of 14 high-quality industrial properties positioned in key logistics hubs including California, Texas, and New Jersey.
- • Marq Logistics, Ares Real Estate's vertically integrated global logistics platform, will lead sourcing and asset management for the joint venture, leveraging established operational capabilities and an extensive sourcing network.
- • The partnership combines Ares Real Estate's logistics investment expertise and operational infrastructure with PSP Investments' institutional capital scale and sector conviction, positioning the venture to acquire cash-flowing assets in prime markets.
Summary
Ares Management Corporation and PSP Investments, one of Canada's largest pension investors, have announced the formation of a joint venture to deploy up to $2.4 billion in U.S. logistics real estate. The partnership, announced on September 16, 2026, pairs Ares Real Estate's vertically integrated logistics capabilities with PSP Investments' scaled institutional capital to pursue high-conviction opportunities in the domestic industrial sector.
The joint venture is structured to target attractive, cash-flowing logistics assets positioned in high-growth U.S. markets. The venture launches with a meaningful seed portfolio comprising 14 strategically located industrial properties totaling 5.2 million square feet. The seed properties are concentrated in key logistics hubs including California, Texas, and New Jersey—geographies that represent critical nodes in U.S. supply chain networks and have demonstrated resilient demand dynamics.
Marq Logistics, which operates as Ares Real Estate's vertically integrated global logistics real estate platform, will serve as the operational anchor for the joint venture. Marq brings established expertise in development and operation of modern logistics facilities alongside a proven sourcing network across Ares Real Estate's expansive operational footprint. This operational involvement positions the venture to execute on both acquisition and asset management functions internally rather than relying on third-party operators.
The transaction reflects strategic alignment between both partners on logistics sector fundamentals. The logistics real estate market continues to benefit from structural demand drivers including e-commerce penetration, supply chain diversification, and near-shoring trends. By combining Ares' operational platform with PSP Investments' institutional capital and investment discipline, the joint venture aims to identify and acquire quality assets at attractive entry points while maintaining active management of the portfolio throughout the investment lifecycle.
The joint venture is structured to target attractive, cash-flowing logistics assets positioned in high-growth U.S. markets. The venture launches with a meaningful seed portfolio comprising 14 strategically located industrial properties totaling 5.2 million square feet. The seed properties are concentrated in key logistics hubs including California, Texas, and New Jersey—geographies that represent critical nodes in U.S. supply chain networks and have demonstrated resilient demand dynamics.
Marq Logistics, which operates as Ares Real Estate's vertically integrated global logistics real estate platform, will serve as the operational anchor for the joint venture. Marq brings established expertise in development and operation of modern logistics facilities alongside a proven sourcing network across Ares Real Estate's expansive operational footprint. This operational involvement positions the venture to execute on both acquisition and asset management functions internally rather than relying on third-party operators.
The transaction reflects strategic alignment between both partners on logistics sector fundamentals. The logistics real estate market continues to benefit from structural demand drivers including e-commerce penetration, supply chain diversification, and near-shoring trends. By combining Ares' operational platform with PSP Investments' institutional capital and investment discipline, the joint venture aims to identify and acquire quality assets at attractive entry points while maintaining active management of the portfolio throughout the investment lifecycle.
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