Makarora, Ares to Acquire Plymouth Industrial REIT in $2.1 Billion Takeover
Makarora Management LP and Ares Management Corp. have struck a deal to acquire Plymouth Industrial REIT Inc. for approximately $2.1 billion, according to industry reports. The all-cash transaction values Plymouth at $22 per share and includes assumption of debt. The acquisition is expected to close in early 2026, positioning the buyers to control over 200 industrial properties across key U.S. markets.
In a significant consolidation move within the industrial real estate sector, investment firms Makarora Management LP and funds managed by Ares Management Corp. have reportedly agreed to acquire Plymouth Industrial REIT Inc. in a transaction valued at approximately $2.1 billion. The deal, announced Friday according to sources familiar with the matter, represents one of the larger industrial property acquisitions this year.