Investing in Logistics as E-commerce Drives Rapid Delivery Times and Demand for Robust Inventory
Industrial real estate has continued to outperform as demand persists with the increase in e-commerce logistics to meet consumer demands. IMCO has committed up to US$800 million in a joint venture partnership with WPT Capital Advisors (WPT) to develop modern, best-in-class industrial properties in strategic U.S. logistics markets. The WPT commitment is well aligned to IMCO’s real estate strategy to invest in logistics networks that help meet consumer demands and diversify our portfolio to include the industrial sector. WPT is a leader in the sector with a strong team and track record, representing the kind of resilient partner we seek for our clients.
The joint venture has invested in 27 projects-to-date totaling over 15 million square feet and represents over 50% of IMCO’s committed capital. The investments include value-add projects in high barrier markets such as New Jersey and the Inland Empire in Southern California.
Learn more about our initial commitment to the joint venture partnership with WPT here.
The Investment Management Corporation of Ontario (IMCO) manages $79 billion of assets on behalf of its clients. IMCO’s mandate is to provide broader public sector institutions with investment management services, including portfolio construction advice, better access to a diverse range of asset classes and sophisticated risk management capabilities. IMCO is an independent organization, operating at arm’s length from government and guided by a highly experienced and professional Board of Directors. Follow us on LinkedIn and Twitter @imcoinvest