ElmTree raises $888m for industrial, logistics assets

St. Louis-based ElmTree Funds closed its largest commingled fund to date with a final tally of $888 million.

ElmTree U.S. NetLease Fund IV has roughly $2.5 billion in immediate investment capacity, officials said, as roughly $800 million has already been put to work in investments in industrial and logistics assets across the U.S.

ElmTree Founder and CEO James Koman

“The COVID-19 health pandemic accelerated the ongoing trend of population migration from gateway cities to growing primary and secondary markets, including very attractive areas such as Phoenix and Salt Lake City . . .

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