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Ares and PSP Investments Establish Joint Venture to Invest Up to $2.4 Billion in U.S. Logistics Real Estate

Business Wire

Partnership pairs Ares Real Estate's vertically integrated logistics platform with PSP Investments' scaled capital to target high-conviction markets

NEW YORK & MONTRÉAL, September 16, 2026--Ares Management Corporation (NYSE: ARES), a leading global alternative investment manager, and the Public Sector Pension Investment Board ("PSP Investments"), one of Canada's largest pension investors, announced today that an Ares Real Estate fund ("Ares") and PSP Investments have established a new joint venture to invest up to $2.4 billion in logistics real estate opportunities in the U.S.

The joint venture combines Ares Real Estate's vertically integrated logistics investment capabilities and established sourcing network across its extensive footprint with PSP Investments' scaled capital and shared conviction in the U.S. logistics sector. The joint venture will target attractive, cash-flowing assets in high-growth markets and includes a 5.2 million-square-foot seed portfolio comprising 14 high-quality properties across key U.S. industrial hubs, including California, Texas and New Jersey.

Marq Logistics, which represents Ares Real Estate's vertically integrated global logistics real estate platform and is a leader in the development and operation of modern logistics facilities, will lead sourcing and manage the assets within the joint venture.

"This joint venture with a leading institutional investor like PSP Investments underscores the strong positioning that Ares has established across our U.S. logistics footprint," said Dave Fazekas, Head of North America Logistics in Ares Real Estate. "The acceleration of onshoring, buildout of digital infrastructure and growing influence of e-commerce continue strengthening the investment fundamentals for strategically placed logistics facilities. We are proud to expand Ares' longstanding relationship with PSP Investments as we leverage our collective scale and experience to identify compelling deployment opportunities and deliver value for tenants, communities and investors."

"Best-in-class operators, in sectors where our conviction is strongest — that is what our real estate strategy is built around, and this joint venture has both," said Laurence Bastien, Managing Director, Real Estate Investments, Americas at PSP Investments. "The U.S. logistics sector benefits from durable demand drivers and structurally constrained supply in the submarkets that matter most. Partnering with Ares allows us to invest in high-quality assets at scale and alongside an operating platform with the capabilities to drive value at the asset level."

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