Standard Real Estate Investments formed a new investment venture with funds managed by GCM Grosvenor that will target equity investments in $150 million of industrial property developments in markets across the United States over the next 12-18 months.

"We're excited about the dynamics of the industrial development market, which we believe will enable us to source and close great investment opportunities through our venture with GCM Grosvenor," said Robert Jue, CEO of Standard. "The user demand side remains strong – we see continued growth of both e-commerce and onshoring of overseas facilities – but the capital markets remain challenging for sponsors, and we believe our program can help fill a financing gap."

The Standard/GCM Grosvenor venture is targeting three to four transactions, with a preference for shovel-ready warehouse and logistics properties of approximately 200,000 to 500,000 square feet in major logistics markets nationwide.