![]() ![]() ![]() “We are proud and excited to continue that tradition with the Oxford team, providing our unparalleled industrial acquisition capabilities and working side-by-side to further diversify Oxford’s U.S real estate exposure with quality, performance-focused investments.” “EverWest has built a reputation for successful strategic collaboration with our investment partners over the past few decades,” said EverWest Founder and CEO Rick Stone. “As Oxford continues to expand its industrial business across North America, our strategic partnership with EverWest, which offers strong operational and development management capabilities, will accelerate and diversify our investment plan to meaningfully grow our national footprint,” said Chad Remis, Executive Vice President, North America at Oxford Properties. The JV is positioned to operate over the medium term to aggregate a sizeable industrial portfolio such that Oxford can retain long-term value once the venture concludes. Oxford will provide the primary source of capital and drive overall strategy for the JV, with EverWest leading the acquisitions and day-to-day operations for each asset. Benefitting from proximity to urban centres, the properties will be well positioned to meet the rapid increase in demand for fulfilment needs and provide occupiers locations close to their customer base. The JV will target a mix of core-plus, value-add investments and developments, focusing primarily on infill industrial properties across major U.S. ![]() Alongside its formation, the JV also announces the acquisition of six initial assets totalling more than 1.1 million SF across Denver, San Diego, Portland, Phoenix, Houston and Nashville, at a combined value of ~US$160 million. Oxford, a leading global real estate investor, asset manager and business builder, alongside commercial real estate investment advisor, manager and developer EverWest, will seek to acquire and develop approximately US$1.0 billion (gross asset value) of infill, small-bay, industrial properties across the U.S. Supporting its belief in the power of logistics to uphold the digital economy, Oxford Properties Group (‘Oxford’) today announced the formation of a joint venture (‘JV’) with EverWest Real Estate Investors (‘EverWest’) to accelerate Oxford’s U.S. ![]()
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