INDUS Realty Trust completed the acquisition of a majority stake in the Carolinas portfolio from Childress Klein for $575m.

INDUS Realty Trust, a logistics real estate business, completed the acquisition of a majority stake in the Carolinas portfolio, a modern 4.3m sq. foot logistics portfolio, from Childress Klein, a real estate development, investment and management company, for $575m. "We are pleased to increase our scale in the Charlotte and Charleston markets and grow our exposure to the fast-growing Southeastern U.S. region. The Carolinas Portfolio is exceptionally well-located in strongly performing, infill submarkets and has been constructed, maintained and leased to the highest quality standards by Childress Klein. This investment positions us for continued success in the Carolinas and we look forward to a long-term relationship with the great team at CK," Michael Gamzon, INDUS President and CEO.