2023-06-26 09:18:58 ET
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An affiliate of Bridge Investment Group ( NYSE: BRDG ) and Townsend Group have agreed to purchase and develop gateway logistics assets in the United States through a joint venture agreement, the companies said Monday.
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Bridge Logistics Value Fund II GP and Townsend plan to put in $147 million in equity, with the option of upsizing it to $200 million, in the joint venture.
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The new partnership comes after its first joint venture in December 2021, in which the companies committed $335 million of equity in similar assets.
For further details see:
Bridge Investment, Townsend launch JV focusing on gateway logistics assets in the U.S.