Plymouth Teams Up With Sixth Street to Expand & Bolster Growth

Plymouth Industrial REIT (PLYM) announced a partnership with Sixth Street aimed at securing long-term growth capital to enhance earnings growth and expand the platform in key industrial markets. The strategic investment of $250 million from Sixth Street will allow Plymouth to fund additional growth while maintaining a leverage-neutral position without dependence on the public equity markets. This JV also enables Plymouth to mitigate risks associated with legacy assets into an off-balance sheet structure. It ...