Logistics PE specialist Realterm boosts North America airport investment power with $150m of new capital

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Logistics-focused private equity real estate specialist Realterm has closed on $150m of new capital to boost its investment in North American airports.

Realterm Airport Logistics Properties has now raised almost $750m, and is currently invested across 133 properties at 36 airports.

The open-ended, commingled fund is the investment platform for RealTerm subsidiary Aeroterm’s development, acquisition, financing and long-term management activities in North America.

Aeroterm focuses on on-airport air cargo and aviation-related support facilities, including cargo buildings, hangars and flight kitchens.

David Rose, Realterm managing director and senior fund manager, said, “Almost five years after our formation of RALP, we are pleased to have provided top quartile returns to our limited partners while servicing our airport and tenant customers with premier sustainable facilities built for the rapidly growing aviation industry.”

“Our ability to help foster job growth, sustainability and efficiency across North American airports continues to have a tangible positive impact on both our LPs’ missions and the airports and surrounding communities who partner with us”, he added.

“We are pleased with the continued commitment from our partners, as we are set to deliver five new LEED-certified industrial buildings that will transform each airport’s ability to grow both cargo and passenger volumes for many years.”

Realterm, a value-added real estate operator currently manages more than $5.5bn in assets through five logistics-oriented private equity fund series.

Realterm Logistics Income Fund, an open-end, core-plus fund, and the Realterm Logistics Fund series, a closed-end, value-added fund series, both invest in high flow-through surface transportation logistics real estate throughout the US.

Realterm Europe Logistics Fund, a closed-end, value-added fund series, focuses on the same space in Europe, and IndoSpace Logistics Parks is a closed-end, opportunistic fund series investing into warehouse and logistics real estate throughout the top industrial markets in India.

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