Makarora Completes $2.1B Acquisition of Plymouth REIT

Makarora Management LP, together with Ares Alternative Credit funds, completed its acquisition of Plymouth Industrial REIT, Inc. in an all-cash transaction valued at approximately $2.1 billion. Under the terms, Plymouth shareholders received $22.00 per share.

With the closing, Plymouth Industrial REIT will no longer be traded or listed on any public securities exchange. The deal was completed on January 27, 2026, following the previously announced acquisition.

Financial and legal advisors were disclosed for both sides, including KeyBanc Capital Markets and J.P. Morgan Securities as Plymouth’s financial advisors.