Affiliates of New York-based Makarora Management and global firm Ares Management (NYSE: ARE) completed a $2.1B all-cash acquisition of Boston-based Plymouth Industrial REIT on Jan. 28, 2026. Announced last fall, the deal pays shareholders $22 per share. Plymouth will delist from public exchanges pos
“the outbreak of war in the Middle East hasn't changed his investment expectations for how 2026 will play out”
The acquisition of Plymouth Industrial REIT by Makarora and Ares was announced on October 24, 2025. Shareholders approved the deal on January 22, 2026, and the transaction was completed on January 27, 2026, with Plymouth being delisted from public exchanges [prnewswire.com] [ir.plymouthreit.com] [marketscreener.com].
Focus on acquiring undervalued industrial assets with potential for private equity interest. Monitor liquidity and leverage ratios closely.
This acquisition signals a strategic move by Makarora and Ares to enhance their industrial real estate portfolios, potentially impacting market valuations and liquidity in the sector. Investors should consider the implications of increased private ownership in industrial REITs and the potential for further consolidation in the sector.
Liquidity constraints for Makarora post-acquisition
MediumMonitor Makarora's financial statements for cash flow and leverage ratios.
Potential overvaluation of industrial assets
HighConduct thorough due diligence on comparable sales and market trends.
Integration challenges post-acquisition
MediumDevelop a detailed integration plan with milestones and accountability.
End of Intelligence Report · 2 Sources Verified