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Perot Partnership to Invest $1 Billion in Warehouses

Commercial News » Done Deals | By WPC Deals Team | November 12, 2013 3:14 PM ET



Dallas-based Hillwood Investments is teaming up with a major sovereign wealth fund to invest more than $1 billion in industrial real estate across North America.

Hillwood, owned by Ross Perot Jr., will focus on large warehouses -- purchasing, developing and entering joint ventures with other developers. Hillwood did not name the sovereign wealth fund. 

Warehouse-space.jpgThis is the second partnership with the undisclosed sovereign wealth fund. The partnership has already identified and committed half of a total equity of $400 million. They expect to deploy more than $1 billion over the next three to four years.
 
"The new fund provides the investment flexibility to target the highest risk-adjusted returns available across the industrial warehouse asset class, without being restricted by a narrow investment target," Ross Perot, Jr., chairman of Hillwood, said in an announcement. 

Hillwood is one of the largest residential developers in Texas. The company is also the second largest owner of industrial land in the U.S., with more than 87 million square feet of future development potential in four key markets, according to the company.


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