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Mapletree Investments acquires two portfolios of logistics assets in the US for $4 bil

Felicia Tan
Felicia Tan9/30/2021 12:12 PM GMT+08  • 2 min read
Mapletree Investments acquires two portfolios of logistics assets in the US for $4 bil
With the acquisitions, Mapletree will now manage approximately $25.5 billion of AUM in the logistics sector.
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Mapletree Investments announced, on Sept 30, that it has acquired two portfolios of 141 high-quality, income-producing logistics assets in the US for approximately US$3 billion ($4 billion).

The first portfolio was acquired in July. It comprises 24 assets that have a total of 6.1 million sqft of net lettable area (NLA) across Dallas, Memphis, Greater Chicago, Central Florida and Boston.

The portfolio has an occupancy rate of 98.9% and has a weighted average lease expiry (WALE) of 3.3 years.

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