CHICAGO, Sept 8 (Bernama-BUSINESS WIRE) -- Equity International (EI), Sam Zell's investment firm focused on emerging markets, announced today the closing of ZEI Co-Invest 1 Fund, L.P. (ZEI Asia Fund), with $205 million of commitments. The ZEI Asia Fund is expected to co-invest alongside other capital in over $2 billion of Asian logistics real estate projects to be developed by ESR (e-Shang Redwood), an affiliate of EI.
Equity International CEO Tom Heneghan commented, "This is the first Asian-focused fund in our history. It reflects the opportunities we are seeing in the region's logistics sector, particularly in Japanese warehouse assets. We are pleased to have a sophisticated institutional investor base that invests alongside EI in various vehicles to take advantage of specific marketplace opportunities, and we look forward to continuing to work with ESR to create a leading pan-Asian logistics platform."
Equity International CEO Tom Heneghan commented, "This is the first Asian-focused fund in our history. It reflects the opportunities we are seeing in the region's logistics sector, particularly in Japanese warehouse assets. We are pleased to have a sophisticated institutional investor base that invests alongside EI in various vehicles to take advantage of specific marketplace opportunities, and we look forward to continuing to work with ESR to create a leading pan-Asian logistics platform."
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