Makarora Management and Ares to acquire Plymouth for $2.1bn.

Makarora Management, an investment management firm, and Ares Alternative Credit Management, an asset-based finance and tactical asset investing strategy arm of Ares, agreed to acquire Plymouth, a real estate investment trust, for $2.1bn. “Plymouth’s portfolio of cost-competitive industrial assets in the Midwest and East Coast is strategically located within a day’s drive of 70% of the US population. These properties are well positioned to capitalize on strong industrial demand from these major population centers. Makarora is committed to providing flexible capital solutions to US real estate businesses, and we are excited to partner with the Plymouth team,” Chad Pike, Makarora Founder and CIO.