Ares and PSP Investments Launch $2.4B U.S. Logistics Real Estate JV — Ares Management Corporation

Event summary

Ares Management and PSP Investments have formed a joint venture to invest up to $2.4 billion in U.S. logistics real estate.
The venture includes a 5.2 million-square-foot seed portfolio of 14 properties in key industrial hubs like California, Texas, and New Jersey.
Marq Logistics, Ares' vertically integrated logistics platform, will lead sourcing and asset management for the joint venture.
PSP Investments brings scaled capital and shared conviction in the U.S. logistics sector, while Ares provides investment capabilities and sourcing network.

The big picture

The joint venture underscores the growing institutional interest in U.S. logistics real estate, driven by onshoring trends, e-commerce growth, and digital infrastructure buildout. With Ares' $671 billion AUM and PSP Investments' $320.6 billion in net assets under management, the partnership combines significant capital with operational expertise to target high-growth markets. The deal highlights the strategic importance of logistics facilities in the current economic landscape, where supply chain resilience and efficiency are critical.

What we're watching

Execution Risk: How Marq Logistics will leverage its vertically integrated platform to drive value at the asset level.
Market Dynamics: Whether the joint venture can capitalize on durable demand drivers and structurally constrained supply in key U.S. logistics submarkets.
Strategic Alignment: The pace at which Ares and PSP Investments can identify and deploy capital into compelling logistics real estate opportunities.