Rockpoint, a Boston-based real estate investment management firm, has formed a platform with a wholly owned subsidiary of the Abu Dhabi Investment Authority to target industrial investment opportunities of approximately $2 billion in gross asset value. 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 US.
It is the latest venture to target the booming industrial asset class.
Supply and demand fundamentals in the industrial market continue to be very strong. Vacancy rates are dropping to historically low levels and rent growth is accelerated across the board.
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