UAE Wealth Fund Forms U.S. Industrial Real Estate Joint Venture
Crow Holdings CEO Michael Levy and Mohammed bin Zayed, crown prince of Abu Dhabi (Crow Holdings, Getty)
An Abu Dhabi-based sovereign wealth fund is betting big to capitalize on the hot industrial real estate market in the U.S.
Mubadala Investment Co. has partnered with Dallas-based real estate investment firm Crow Holdings to develop $1 billion of Class A industrial properties across the country, according to Pensions & Investments.
“Mubadala is seeking to invest directly in industrial real estate in the U.S., and to do so at scale,” Michael Levy, CEO of Crow Holdings, told the publication. “This is a true