NEW YORK, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Makarora Management LP (“Makarora”) today announced that, together with Ares Alternative Credit funds (“Ares”), it has completed the previously announced acquisition of Plymouth Industrial REIT, Inc. (“Plymouth”) in an all-cash transaction valued at approximately $2.1 billion. Pursuant to the terms of the transaction, Plymouth shareholders will receive cash consideration of $22.00 per share. With the completion of the acquisition, Plymouth will no longer be traded ...

Core Insights - Makarora Management LP, in partnership with Ares Alternative Credit funds, has successfully acquired Plymouth Industrial REIT, Inc. for approximately $2.1 billion in an all-cash transaction [1][2] Company Information - Makarora Management LP is a New York-based investment management firm established in 2024, focusing on providing differentiated capital solutions in the commercial real estate sector, including opportunistic credit, structured capital, and equity [5] - Ares Management Corporation is a leading global alternative investment manager with over $595 billion in assets under management as of September 30, 2025, offering investment solutions across various asset classes including credit, real estate, private equity, and infrastructure [6] - Plymouth Industrial REIT, Inc. is a vertically integrated real estate investment company that focuses on the acquisition, ownership, and management of industrial properties, aiming to provide cost-effective and functional spaces for tenants [7] Transaction Details - Shareholders of Plymouth will receive cash consideration of $22.00 per share, and following the acquisition, Plymouth will no longer be listed on public securities exchanges [2] - KeyBanc Capital Markets Inc. and J.P. Morgan Securities LLC served as financial advisors for Plymouth, while Moelis & Company LLC acted as the lead financial advisor for Makarora [3][4]

Core Viewpoint - Plymouth Industrial REIT, Inc. has successfully closed on $65.1 million in acquisitions of industrial properties, enhancing its portfolio with stable cash flow and long-term value appreciation [1][3][4]. Summary by Sections Acquisitions - The company acquired a Cincinnati small bay industrial portfolio consisting of four buildings totaling 240,578 square feet for $17.9 million, with an initial estimated net operating income (NOI) yield of 7.0% [1]. - A 263,000-square-foot warehouse facility in Cincinnati was purchased for $23.3 million, yielding an initial estimated NOI of 6.7% [1]. - In Atlanta, the company purchased a 297,583 square-foot warehouse facility for $23.9 million, with an initial estimated NOI yield of 6.8% [2]. - Across three transactions in Atlanta and Cincinnati, the total area acquired was 801,161 square feet, with an overall initial estimated NOI yield of 6.8% [3]. Portfolio Characteristics - All acquired properties are 100% leased, featuring a weighted average remaining lease term of 4.4 years [3]. - The Cincinnati portfolio has a weighted average remaining lease term of 3.5 years, while the Atlanta facility has a remaining lease term of three years [2][3]. Strategic Alignment - The acquisitions align with the company's strategy to expand in key markets at below replacement cost while securing stable cash flow and long-term value appreciation [4]. - The company aims to enhance its portfolio's income potential and market presence through investments in high-quality industrial assets [4].