Kirkland Advises Ares on Joint Venture Acquisition of Plymouth Industrial REIT for $2.1 Billion

Kirkland & Ellis advised Ares Alternative Credit funds on a joint venture with Makarora Management LP, in which the firms have acquired Plymouth Industrial REIT, Inc. in an all-cash transaction valued at approximately $2.1 billion. Pursuant to the terms of the transaction, Plymouth shareholders will receive cash consideration of $22.00 per share. With the completion of the acquisition, Plymouth will no longer be traded or listed on any public securities exchange.

Read the transaction press release

The Kirkland team included real estate lawyer Michelle Kelban.