Overview
- Aware Super holds a 49% interest in the new venture, while Goodman retains 51% and will provide asset and property management.
- The platform’s initial portfolio includes three metro Los Angeles properties totaling nearly 2.8 million square feet across 187.3 acres.
- The seed assets are leased to Amazon, Maersk and Relativity Space at Goodman Commerce Center Los Angeles, Goodman Gateway Santa Fe Springs and Goodman Commerce Center Long Beach.
- The owners describe the properties as a mix of newer and older facilities with value-add and redevelopment potential.
- The companies confirmed a $1.3 billion platform size but did not disclose their individual capital commitments.