Mapletree closes US$1.4 billion United States Logistics Fund, targets IRR of 12%

Mapletree Investments announced the successful closing of its third private fund in 2021, Mapletree US Logistics Private Trust (MUSLOG), at US$1.4 billion ($1.9 billion) in total fund equity.

Following the successful syndication of Mapletree US & EU Logistics Private Trust (MUSEL) in 2019, Mapletree has continued to scale up its presence in the US logistics market. The Group now manages 355 logistics assets with an AUM of US$6.9 billion, totalling 6.5 million sqm or 70 million sq ft of NLA, placing Mapletree among the top 10 managers of logistics real estate in