Ares and PSP Investments launch a new joint venture to expand modern logistics properties across major U.S. industrial markets
New York, 17 September 2026 – The U.S. logistics real estate market is gaining fresh investment momentum as Ares Management Corporation and PSP Investments establish a new joint venture with the capacity to invest up to $2.4 billion in logistics properties across the country. The partnership brings together Ares’ real estate expertise and PSP Investments’ institutional investment capabilities to build and expand a portfolio of logistics assets.
The joint venture begins with a portfolio of 14 properties covering approximately 5.2 million square feet. The properties are located in established industrial markets, including California, Texas, and New Jersey. These locations are important centers for manufacturing, transportation, distribution, and consumer activity.
The partnership is focused on income-producing logistics real estate, particularly properties that can support the changing needs of businesses and supply chains. Marq Logistics, Ares Real Estate’s logistics platform, will be responsible for finding additional investment opportunities and managing the properties within the venture.
The strategy reflects the growing importance of logistics facilities in the U.S. economy. Warehouses and distribution centers play a key role in moving products from manufacturers and suppliers to businesses and consumers. The continued expansion of e-commerce has also increased the need for strategically located facilities that can support faster and more efficient delivery.
At the same time, companies are paying greater attention to their supply chains. Manufacturers and distributors are seeking locations that provide convenient access to customers, transportation networks, ports, and major population centers. This has increased interest in modern industrial properties that can support increasingly complex logistics operations.
For the new venture, location is expected to remain an important part of the investment strategy. Properties in established industrial markets can provide access to transportation infrastructure and large consumer populations, while modern facilities can offer businesses the space and features required for contemporary distribution operations.
The partnership also combines investment capital with direct property management. Ares brings experience across real estate investment and operations, while PSP Investments provides long-term institutional capital. Marq Logistics adds specialized expertise in sourcing and managing logistics properties.
The initial portfolio provides a foundation for future expansion. With the ability to invest up to $2.4 billion, the joint venture can pursue additional properties as suitable opportunities become available across the U.S. market.
The development highlights the continuing evolution of logistics real estate. Modern warehouses are no longer simply storage locations. They have become important parts of supply chain infrastructure, supporting manufacturing, distribution, retail, and e-commerce.
As businesses continue to reshape their supply chains and demand for strategically positioned industrial space develops, investment in logistics properties is becoming an important part of the broader commercial real estate landscape. Through their new venture, Ares and PSP Investments are positioning themselves to participate in this evolving U.S. logistics market.
