Black Creek Group has formed a $400m industrial real estate partnership with JP Morgan Asset Management.
The Denver-based real estate investment manager said institutional investors advised by JP Morgan have committed to invest the amount of equity into various industrial real estate strategies.
The programs span different investment strategies focused on core, value add and development, Black Creek said.
Black Creek said the commitment may grow over time.
Raj Dhanda, the CEO of Black Creek Group, said: “We are thrilled to partner with J.P. Morgan and that they have made such a substantial commitment to our industrial capabilities.
“We look forward to further strengthening our relationship with them as well as continuing to be a national leader in the acquisition, development and operation of industrial real estate.”
Nick Firth, an executive director of JP Morgan Asset Management, said: “Black Creek has an outstanding track record of uncovering great opportunities and building the industrial real estate that today’s tenants seek.
“We’re excited to partner with an outfit of Black Creek’s caliber and reputation on behalf of our clients.”
