Ares Management, PSP Ink $2.4 Billion Logistics Real Estate Venture

04:52 PM EDT, 09/16/2026 (MT Newswires) -- Ares Management (ARES) and Canada's Public Sector Pension Investment Board said Wednesday they have formed a joint venture to invest up to $2.4 billion in U.S. logistics real estate. The JV includes a 5.2 million-square-foot seed portfolio comprising 14 properties across California, Texas and New Jersey. Marq Logistics, Ares Real Estate's logistics platform, will lead sourcing and asset management, the companies said.