Ares Real Estate and PSP Investments have launched a $2.4 billion joint venture to develop U.S. logistics real estate. Sourcing and asset management will be handled by Marq Logistics, a subsidiary of Ares. Dave Fazekas, head of North America logistics at Ares Real Estate, highlighted structural tailwinds including onshoring, digital infrastructure buildout, and e-commerce growth.

Laurence Bastien, managing director in real estate investments for the Americas at PSP Investments, stated the partnership aligns with their strategy of working with best-in-class operators. Marq Logistics manages a portfolio of over 2,250 properties totalling 655 million square feet. Ares Management oversaw over $671 billion in assets as of June 30, 2026.

PSP Investments managed C$320.6 billion ($230 billion) in net assets as of March 31, 2026. The venture extends a longstanding partnership between the two firms, aiming to capitalize on the growing demand for well-located logistics facilities.