At a glance
- Lerum will develop institutional investment strategies and capital partnerships for major U.S. industrial markets.
- For allocators, the hire gives Sitex an institutional specialist and a mandate to raise outside capital for U.S. industrial strategies.
- Sitex bought a 343,000-square-foot warehouse in South Brunswick, New Jersey, in October, as Private Wealth Daily previously reported; that deal was a single-building purchase.
Sitex Group hired Ed Lerum, previously head of global logistics real estate at Norges Bank Investment Management, as a managing director to lead the U.S. expansion of its institutional investment platform.
Lerum will develop institutional investment strategies and capital partnerships for major U.S. industrial markets. Sitex said discussions with prospective institutional capital partners are already under way.
For allocators, the hire gives Sitex an institutional specialist and a mandate to raise outside capital for U.S. industrial strategies.
Sitex bought a 343,000-square-foot warehouse in South Brunswick, New Jersey, in October, as Private Wealth Daily previously reported; that deal was a single-building purchase.
Reported by the Fundraising desk from IREI and Private Wealth Daily archive. Published . Corrections