TH Real Estate closed its TH Real Estate US Strategic Industrial Fund I. Totaling more than $330m, the equity commitments will allow the fund to target a portfolio of approximately $1bn. The fund intends to acquire and develop bulk and light industrial assets in major U.S. industrial markets, including last mile locations that serve e-commerce supply chains. TH Real Estate has been investing in the industrial sector since 1953 and currently manages approximately $11.2bn of industrial properties globally. The firm’s US industrial holdings total $8.8 bn across equity and debt investments, covering 998 properties.
“While the traditional port-driven warehouse markets continue to grow at a consistent pace, online commerce is accelerating demand for state-of-the-art facilities that can facilitate same-day and one-hour deliveries in major metropolitan areas across the US,” said Brad Simpkins, portfolio manager of the US Strategic Industrial Fund. “A supply shortfall in these facilities coupled with healthy economic growth has generated significant pent-up demand for these industrial properties.”
