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 the largest U.S.-only owner and operator of last-mile industrial real estate. As of September 30, 2023, Link Logistics serves more than 10,000 customers and owns, has interests in, or has under development logistics facilities that will represent a total of 538 million square feet across key U.S. distribution markets. Established by Blackstone in 2019, Link Logistics has the scale, footprint, and proprietary insights, as well as a heightened focus on sustainability, to drive value for our customers and stakeholders. For more information regarding the Company, please visit www.linklogistics.com.