Logistics real estate operator Realterm closes fundraise on fifth fund

Supply chain real estate operator Realterm announced that it has completed its ninth fund raise, this time closing a 100 million euro ($109 million) closed-end logistics fund in Europe. This was the first fund the Annapolis, Maryland-based real estate company has closed in Europe.

Our successful fundraise is a testament to the team that we have built and our investors’ belief in our ability to create value through our differentiated investment approach and market insights,” said Peter Lesburg, Realterm’s Managing Director of Capital Markets.

The Realterm Europe Logistics Fund’s first investment was a 10,000 square meter (108,000 square feet) high flow-through facility in Brussels, Belgium that will be fully leased to Deutsche Post DHL Group (DPW.D.IX). The facility sits on a high-traffic corridor with close proximity to the Brussels Airport and nearby ports.

Realterm’s Brussels high flow-through facility location – Source: Realterm

“The exceptional location, functionality and access to both transportation infrastructure and a large consumer base make this a great first addition to the portfolio. The property is suitable for a wide variety of operations, including air cargo, e-fulfilment, regional distribution and last mile delivery. We are excited to welcome DHL as our first customer in Europe,” said Managing Director and the fund’s manager Balazs Lados.

Realterm manages $5.5 billion in logistics real estate assets through five different private equity funds. The firm’s assets include airport and surface transportation logistics real estate throughout the U.S. and North America. The company also operates a fund that invests in warehouse and logistics real estate throughout India’s industrial markets. In total, Realterm manages more than 300 properties with more than 35 million square feet. 

In March, Realterm acquired a 4.1-acre, 47-door less-than-truckload (LTL) cross-dock facility in Miami positioned just off the I-95 corridor. In February, the firm acquired an 18.1-acre cross-dock and transload facility in Chicago with access to Midway International Airport and the intermodal terminals of BNSF Railway (Berkshire Hathaway, NYSE: BRK.B) and CSX Corp. (NASDAQ: CSX).