Mapletree Investments announced the successful closing of its third private fund in 2021, Mapletree US Logistics Private Trust (MUSLOG), at US$1.4 billion ($1.9 billion) in total fund equity. 

Following the successful syndication of Mapletree US & EU Logistics Private Trust (MUSEL) in 2019, Mapletree has continued to scale up its presence in the US logistics market. The Group now manages 355 logistics assets with an AUM of US$6.9 billion, totalling 6.5 million sqm or 70 million sq ft of NLA, placing Mapletree among the top 10 managers of logistics real estate in
the US. 

MUSLOG is fully invested at closing with a total asset value of approximately US$3.3 billion and was well received by a well-diversified group of new and repeat investors comprising pension funds, insurance companies, investment companies, asset managers and family offices. The Trust’s target of 12% IRR represents both a yield plus growth total return from a resilient and income-generating portfolio. 

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