Total Transaction Activity of $22.4 Billion in 2021
Completed $16.0 Billion in Acquisitions Comprising 185.7 Million Square Feet
Executed 92 Million Square Feet of Leasing
New York – January 24, 2022 – Link Logistics Real Estate (“Link” or the “Company”), the operator and owner of the largest U.S.-only portfolio of logistics real estate, today provided an update on the Company’s fourth quarter and full year 2021 activity. The Company owns, has interests in, or has under development properties that upon completion will represent a total of 534 million square feet (more than 460 million square feet at pro rata share), which is 97.7 percent leased on a same store basis. The Company executed 92 million square feet of leasing during the year and expanded its development pipeline to $7.1 billion.
“2021 was a record year for Link as we strategically expanded our portfolio,” said Luke J. Petherbridge, Link’s Chief Executive Officer. “Approximately 4.5 percent of U.S. GDP passes through Link’s facilities, demonstrating our significant scale and reach. Throughout the year, our team made unprecedented progress, and we enter 2022 from a position of strength and with a continued commitment to helping our customers grow.”
Nicholas L. Pell, Link’s President and Chief Investment Officer, added, “Link successfully grew and strengthened our portfolio this past year by adding more than 900 high-quality assets in the most dynamic logistics markets in the U.S. Looking ahead, we will continue to leverage our national scale and local market expertise to secure compelling investment and development opportunities.”
Capital Deployment and Notable Activity for Full Year
Capital Deployment and Notable Activity in the Fourth Quarter
Environmental, Social & Governance (ESG) 2021 Highlights
About Link Logistics
Link Logistics is a leading national owner of last-mile logistics real estate designed to meet the needs of the modern supply chain. The Company, established in 2019 by Blackstone, operates the largest portfolio of logistics real estate assets located exclusively in the U.S. and serves more than 6,600 customers. The Company owns, has interests in, or has under development logistics facilities across key distribution markets in the U.S. that will represent a total of 534 million square feet (more than 460 million square feet at pro rata share) when completed. Link has the scale, geographic footprint and logistics expertise, as well as a heightened focus on sustainability to power the supply chain of tomorrow. For more information regarding the Company, please visit www.linklogistics.com.
Contact:
Melissa Sachs