Morgan Stanley Real Estate Investing Acquires Ace Hardware Distribution Facility in Kansas City From Hunt Midwest for $158.5 Million
Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (MSREI), announced today the acquisition of a newly developed, 1.5 million-square-foot distribution facility in Kansas City, Missouri, for $158.5 million. The property was acquired from Hunt Midwest, which developed the Class A logistics facility as a build-to-suit in 2025 as the first phase at KCI 29 Logistics Park. The facility is subject to a long-term net lease with Ace Hardware, the world's largest hardware cooperative and one of the most recognized brands in the home improvement sector, with more than 5,300 locally owned and operated stores across over 60 countries. This property was acquired through an off-market transaction facilitated by Mark Long and John Hassler of Newmark Zimmer.
Morgan Stanley Real Estate Investing Announces Acquisition of French Logistics Portfolio of Five Assets
Morgan Stanley Investment Management, through investment funds managed by Morgan Stanley Real Estate Investing (MSREI), announced today the acquisition of a portfolio of five French logistics assets. The fully leased portfolio totals approximately 160,000 square meters across established French logistics markets in Paris, Lille, Bordeaux, Nîmes and Tours.
Morgan Stanley Real Estate Investing Completes Sale of Spring Arbor Senior Living Portfolio for $296 Million
Morgan Stanley Investment Management, through funds managed by Morgan Stanley Real Estate Investing (MSREI), and Foundry Commercial (Foundry) announced today the sale of the final 11 communities in the Spring Arbor Senior Living collection located in Maryland and Virginia to an S&P 500 company focused on senior housing for $296 million.
Morgan Stanley Investment Management Raises JPY131 Billion for North Haven Real Estate Japan Strategy Fund I
Morgan Stanley Real Estate Investing (MSREI), the private real estate investment arm of Morgan Stanley Investment Management (MSIM), today announced it has held the final close and raised JPY131 billion (approximately US$900 million) for its inaugural North Haven Real Estate Japan Strategy Fund I (JSF or the Fund), exceeding the original fundraising target of JPY 75 billion (approximately US$500 million). The majority of the JSF investor base is comprised of Japanese pension funds and financial institutions, paired with foreign sovereign wealth funds.
