Kirkland Advises Ares on Joint Venture with PSP Investments
Kirkland & Ellis advised Ares Management, a leading global alternative investment manager, on the establishment of a new joint venture between an Ares Real Estate fund and the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investors. The joint venture will invest up to $2.4 billion in logistics real estate opportunities in the United States and combines Ares Real Estate’s vertically integrated logistics investment capabilities and established sourcing network across its extensive footprint with PSP Investments’ scaled capital and shared conviction in the U.S. logistics sector. The joint venture will target attractive, cash-flowing assets in high-growth markets and includes a 5.2 million-square-foot seed portfolio comprising 14 high-quality properties across key U.S. industrial hubs, including California, Texas and New Jersey.
Read the transaction press release
The Kirkland team included real estate lawyers Michelle Kelban, Matthew Linsky and Natalia Ortiz; tax lawyers Mike Beinus, Justin Barbosa and Dylan White; corporate lawyers Alec Manzer, Jack Chadderdon, Brennon Nelson and Luke Pinkston; and debt finance lawyers Mary Kogut, Steven Keithley, Keegan Bobholz, William Keller and Madeline McCune.
