US Logistics II Portfolio

Purpose-Built Logistics Facilities Leased to Credit-Rated Tenants

In partnership with Wafra International Investment Company, an asset management firm based in Kuwait with assets under management (AUM) totaling US$8.5 billion, we acquired a portfolio of mission-critical logistics assets, valued more than $500 million, in the United States in December 2021. The portfolio consists of 10 income-yielding mission-critical assets strategically located in key distribution hubs across the US. Each asset is purpose-built to meet the specific requirements of FedEx and General Mills, and the locations were carefully chosen by the tenants. We expect the portfolio to benefit from the growing demand for logistics facilities driven by the global expansion of e-commerce.

The portfolio is positioned to capitalize on the ongoing increase in e-fulfillment and warehousing needs nationwide. There is a rising market demand for state-of-the-art facilities that are easily accessible, and our portfolio aims to meet that demand.