Rockpoint Group Forms JV with BEB Capital for Long Island Properties
Posted on 01/04/2022
The U.S. industrial and last-mile logistics sector continues to be an attractive space for investors. BEB Capital, an investor and developer of industrial, office and multifamily assets throughout the East Coast, formed a programmatic joint venture with Rockpoint Group, a real estate private equity firm. The JV will target an investment pipeline of up to US$ 1 billion of industrial assets in the Northeastern United States, with a primary focus in Long Island, NY. The partnership has assembled nearly 660,000 square feet of industrial assets to date, including the recent Long Island, NY acquisitions of 44 Ramsey Road in Shirley and 100 Marcus Boulevard in Hauppauge.
