Rockpoint, a Boston-based real estate investment management firm, today announced it has formed a platform with a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”). The platform will target industrial investment opportunities representing approximately $2 billion in gross asset value. The new investment vehicle will focus primarily on build-to-core industrial investments in high barrier-to-entry locations across infill, demand-driven, gateway and growth markets in the U.S.
This platform follows Rockpoint’s announcement in February 2021 that the firm had formed a strategic partnership with leading industrial real estate investor and operator Ben Harris. This strategic partnership has generated and is expected to continue to generate significant industrial investment opportunities for Rockpoint’s existing opportunistic and growth and income funds in addition to opportunities for the new platform. Mr. Harris is an industrial sector veteran with over 24 years of multi-cycle experience, and has acquired, developed and/or operated nearly 500 million square feet of industrial properties across 50 markets.
Concurrently, the platform announced the closing of its first investment, 865 Embedded Way, a 117,520 square foot, class A industrial development project on a 10.6-acre site, located in Silicon Valley’s supply-constrained South San Jose submarket.
Read more: PRNewswire
