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Ares and PSP Formed $2.4 Billion Logistics Venture

The joint venture has launched with a 5 million square foot portfolio of industrial properties.

Updated on Sept. 19, 2026 in Commercial

Modern industrial warehouse loading docks with steel dock levelers and corrugated metal walls on a clean concrete surface.
Ares Management and PSP Investments have formed a $2.4 billion joint venture focused on acquiring industrial logistics properties across the United States. AI Illustration. Upload story photo >

Live Poll

Is now a good time for major investors to increase their bets on U.S. logistics infrastructure?

Ares Management and PSP Investments have launched a new joint venture to invest up to $2.4 billion into the U.S. logistics sector. The partnership begins with an initial 14-property portfolio covering 5 million square feet.

Why it matters

This investment highlights the ongoing demand for industrial space driven by e-commerce growth, onshoring, and a need for digital infrastructure. The sector remains competitive as businesses seek out supply chains with durable demand and constrained supply.

The venture includes an initial 14-property portfolio, while Ares separately purchased a 10-property industrial portfolio in Chicago for $84 million. This Chicago transaction amounts to roughly $117 per square foot for 717,000 square feet of industrial space.

The players

Ares Management

A global alternative asset manager with over $671 billion in managed assets and a significant footprint in commercial real estate.

PSP Investments

A major pension investment manager that acts as a partner in the new logistics real estate venture.

Marq Logistics

A management firm tasked with sourcing and overseeing the daily operations of the venture's property portfolio.

The details

The joint venture focuses on acquiring cash-flowing logistics assets in high-growth markets across the U.S. Marq Logistics will act as the operational lead, sourcing and managing the portfolio assets. This structure allows the partners to capitalize on current market conditions where supply remains tight and net absorption remains high.

Timeline

  1. September 18, 2026: The joint venture was officially announced.

  2. Q2 2026: The U.S. industrial vacancy rate reached 6.5 percent.

  3. Q2 2026: Ares reported over $671 billion in total assets under management.

  4. 2020-2022: The Chicago industrial portfolio was originally assembled.

The Home Front

This venture reflects a broader trend of institutional investment targeting limited logistics supply to meet e-commerce demand. It follows the pattern of consolidating regional industrial portfolios to secure high-growth, cash-flowing assets in a supply-constrained U.S. market.

Readers interested in local logistics development should monitor their city's planning board notices for news on new industrial site construction. Tracking zoning changes in your area can provide insight into potential infrastructure shifts that may affect local supply chains and delivery times.

The takeaway

The formation of this venture highlights the continued institutional focus on logistics as a vital component of the modern U.S. economy. Keep an eye on local commercial development projects, as these large-scale investments often signal shifts in regional distribution capacity.

Further reading

For more information on market trends, visit the United States Commercial section.

Live Poll

Is now a good time for major investors to increase their bets on U.S. logistics infrastructure?