INDUS Realty Trust Acquires Majority Interest in Carolinas Portfolio From Childress Klein
12/05/24, 9:18 PM
Location
new yorkMoney
$575 million
Industry
logistics
real estate
Type
partnership
INDUS Realty Trust, Inc. has acquired a majority interest in a modern 4.3 million square foot logistics portfolio, known as the Carolinas Portfolio, from Childress Klein. The portfolio, valued at $575 million, comprises 21 buildings and is part of a joint venture with CK, retaining a minority ownership stake.
Company Info
Location
new york, new york, united states
Additional Info
INDUS Realty Trust, Inc. is a U.S.-based logistics real estate business principally engaged in developing, acquiring, managing, and leasing logistics properties. As of November 2024, INDUS owns or has majority ownership in 55 properties and projects under development aggregating 9.3 million square feet. The company is owned by affiliates of Centerbridge Partners, L.P., a global private investment firm, and GIC, a global institutional investor. Additionally, a wholly owned subsidiary of the Abu Dhabi Investment Authority is a strategic investor alongside Centerbridge in the ownership of INDUS.