|
|
2/22/18
|
Bixby Land Company and AXA Investment Managers - Real Assets have reached an agreement to acquire as much as $400 mil of industrial properties. The joint venture with AXA IM - Real Assets fuels a strategic increase in Bixby’s industrial investment portfolio and advances its growing third party institutional investment management business.
"Bixby’s venture with AXA IM - Real Assets extends our existing industrial real estate investment strategy and enables us to consider a higher volume of acquisition opportunities in markets where we have strong relationships, deep market knowledge and a long history of investment activity,” said Mike Severson, executive vice president and chief acquisitions officer at Bixby.
Severson will spearhead all acquisition activities for the venture, targeting leased industrial buildings in the $10 mil to $40 mil range in CA, AZ, NV, OR and WA. Bixby has already contributed two industrial investments totaling approximately $27 mil to the venture.
AXA IM - Real Assets is a leading property portfolio and asset manager in Europe. Bixby owns and operates a $1 bil portfolio that includes 6 msf of office and industrial properties in the Western U.S.
|
|
 Return to the Archive page
|
|
|
|
|
Printer-friendly Version
Email an Associate
