The Investment Management Corporation of Ontario is investing in a slice of the U.S. logistics market with a joint venture in the WPT Industrial Real Estate Investment Trust.
The C$70.3 billion ($52 billion) fund manager is investing $150 million to the REIT in a bid to gain exposure to industrial properties in strategic U.S. markets.
“Consumers are relying on e-commerce more than ever and expect robust inventories and rapid delivery times throughout the U.S.,” said Brian Whibbs, managing director at IMCO.
He added that the joint venture . . .
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