GCP Raises $2.3 Billion for Logistics Real Estate Investments

Real estate focused investment firm GCP said it closed a $2.3 billion fund that will be used to buy and operate warehouses tied to logistics and e-commerce.

The fund has already acquired about 25 million square feet of real estate and will will look to buy about 25 million more, GCP Chief Executive Officer Alan Yang said in an interview. Los Angeles-based GCP is aiming to own about 100 properties in the fund.

Yang said it’s GCP’s first discretionary fund and is unlike previous vehicles tied to specific investments.

GCP spun out of Singapore-based investment manager GLP in 2019 following ...