realestate

Boston REIT Consents to $2 Billion Buyout

Plymouth Industrial REIT, a Boston firm with 36 M sq ft of property, is sold to two New York managers for $2.1 B.

P
lymouth Industrial REIT, a Boston‑based firm owning 36 million square feet of industrial space, will be sold for $2.1 billion to affiliates of Makarora Management LP and Ares Management Corp. Ares, which manages over $572 billion globally, joins the deal, while Makarora— a private entity that keeps its holdings confidential—heads the transaction. The deal was reported by the Boston Business Journal.

Boston REIT approves $2B buyout deal.