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Makarora Completes Acquisition of Plymouth Industrial REIT for $2.1 Billion
NEW YORK, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Makarora Management LP (“Makarora”) today announced that, together with Ares Alternative Credit funds (“Ares”), it has completed the previously announced acquisition of Plymouth Industrial REIT, Inc. (“Plymouth”) in an all-cash transaction valued at approximately $2.1 billion. Pursuant to the terms of the transaction, Plymouth shareholders will receive cash consideration of $22.00 per share. With the completion of the acquisition, Plymouth will no long
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[{"type":"image","alt":"Plymouth Industrial REIT Inc.","displaySize":"","headline":null,"caption":"Plymouth Industrial REIT Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":49,"url":"https://media.zenfs.com/en/globenewswire.com/218784feda5e7ad424b835c529fb7466"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/u3Ks9HJJco99l_ESQIkNyQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTY5O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/218784feda5e7ad424b835c529fb7466","width":300,"height":49}},"lazy":false},{"type":"text","content":"NEW YORK, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Makarora Management LP (“Makarora”) today announced that, together with Ares Alternative Credit funds (“Ares”), it has completed the previously announced acquisition of Plymouth Industrial REIT, Inc. (“Plymouth”) in an all-cash transaction valued at approximately $2.1 billion.","length":321,"tagName":"p","attribs":{}},{"type":"text","content":"Pursuant to the terms of the transaction, Plymouth shareholders will receive cash consideration of $22.00 per share. With the completion of the acquisition, Plymouth will no longer be traded or listed on any public securities exchange.","length":235,"tagName":"p","attribs":{}},{"type":"text","content":"For more information about the transaction, please see the news release issued by Plymouth on October 24, 2025, which is available on Plymouth’s website at www.plymouthreit.com.","length":177,"tagName":"p","attribs":{}},{"type":"text","content":"AdvisorsKeyBanc Capital Markets Inc. and J.P. Morgan Securities LLC acted as Plymouth’s financial advisors. Morrison & Foerster LLP and Alston & Bird LLP served as Plymouth’s legal counsel.","length":198,"tagName":"p","attribs":{}},{"type":"text","content":"Moelis & Company LLC acted as the lead financial advisor to Makarora. Citigroup Global Markets Inc. also served as a financial advisor to Makarora. Greenberg Traurig LLP and Simpson Thacher & Bartlett LLP served as Makarora’s legal counsel. Latham & Watkins LLP and Kirkland & Ellis LLP served as Ares’ legal counsel. Dechert LLP served as Citi’s legal counsel.","length":377,"tagName":"p","attribs":{}},{"type":"text","content":"About MakaroraMakarora Management LP is a New York-based investment management firm established in 2024 and led by senior professionals with extensive experience investin...