Aeroterm raises $150m for logistics fund

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Real-estate operator Realterm has raised US$150m in capital commitments through its subsidiary Aeroterm for its Realterm Airport Logistics Properties fund.

The fund consists of 133 properties at 36 airports worth US$1.3bn of assets under management.

RALP serves as the exclusive investment platform for Aeroterm’s development, acquisition, financing and long-term management activities in North America.

Aeroterm focuses on developing, redeveloping and acquiring on-airport air cargo and aviation-related support facilities including cargo buildings.

The new capital commitments will support around US$300m of projects in the design or construction phase.

David Rose, managing director and senior fund manager, said, “Our ability to help foster job growth, sustainability and efficiency across North American airports continues to have a tangible positive impact on both our Limited Partners’ missions and the airports and surrounding communities who partner with us.”

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