Fund III · Industrial
Fund III · Industrial
Industrial, Logistics, and Technology Infrastructure Land
Large-format industrial and logistics land near freight, power, and population — the physical foundation of modern supply chains and data infrastructure.
Strategy
The mandate.
Fund III assembles and entitles land for distribution, logistics, advanced manufacturing, and technology infrastructure, including data-center-ready sites. The strategy targets positions with proximity to interstate freight, rail, abundant power, and labor, delivering graded, entitled pads to industrial developers, logistics operators, and infrastructure end users.
Focus Areas
- Logistics and distribution campuses
- Data-center-ready and power-adjacent sites
- Advanced manufacturing land
- Rail- and freight-served positions
Fund Terms
Structure & economics.
| Term | Fund III |
|---|---|
| Target Fund Size | $1.680B |
| Structure | Delaware limited partnership |
| Preferred Return | 9%, compounded |
| Carried Interest | 20% above the 9% preferred, with 100% GP catch-up |
| GP Commitment | 2% of committed capital |
| Distribution Waterfall | European, whole-fund |
| Minimum LP Commitment | $2,000,000 |
| Target Net IRR | 20–28% |
| Leverage | 40–55% LTV (raw) / 50–60% LTV (entitled) |
| Investment Period | 5 years |
| Fund Term | 10 years, plus two 1-year extensions |
Terms shown are indicative and are qualified in their entirety by the fund's definitive offering documents, available to qualified investors.
Interested in Fund III?
Request offering materials and speak with our investor relations team.