Real estate private equity manager ElmTree Funds has formed a partnership with Guggenheim Investments to invest in industrial e-commerce assets throughout the United States.
ElmTree Funds said Guggenheim, on behalf of its clients, has provided a $600 million equity commitment to fund the partnership.
As part of the transaction, ElmTree will invest in industrial real estate assets tied to the e-commerce, last-mile, and logistics sectors.
These assets are in high demand as more corporations aim to efficiently build out supply chains to incorporate faster delivery times as a result of consumer demand, according to the company.
“We are thrilled to match our expertise in the industrial real estate sector with a quality investment partner like Guggenheim,” said James Koman, CEO and Founder of ElmTree. “This strategic partnership provides fresh capital to continue investing in mission critical assets that are in high demand across the country, while generating steady, long-term cash flow.”
Jennifer Marler, Senior Managing Director and Head of Real Estate at Guggenheim Investments added, “Guggenheim Investments is pleased to partner with ElmTree on another transaction that benefits our clients and the stakeholders of the real estate projects. In these challenging times, we will continue to create innovative opportunities like this to drive value for our clients.”