BOSTON, MA - Taurus Investment Holdings LLC, a global real estate investment firm, announced today the closing of Taurus US Logistics Fund I LP with $157 million of equity commitments. This fund will be fully discretionary and be match funded by $100 million of equity capital from Taurus and its affiliates giving its US logistics platform approximately $750 million of purchasing power over the next 18 months.
"Logistics properties have been one of the most highly performing asset types over the past 20 years for Taurus” said Peter Merrigan, CEO and Partner of Taurus. “The supply and demand fundamentals in this segment of the market continue to be the strongest of any in the commercial real estate industry, and we are grateful to our partners for their continued support."
The platform will focus on value added logistics properties in the major US population centers, within Taurus’ existing operating footprint. With long-term and short-term strategies focused on maximizing risk-adjusted returns through the economic cycles, Taurus is confident and committed to delivering favorable returns. Managing Director Lathan Allen in the Atlanta office and Vice President Nick Clark in the Boston office will lead acquisition efforts.