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AIG Brings In South Korean Partner on $1 Billion Industrial Portfolio

LB Asset Management’s Investment To Help Expand Holdings Fueled by E-Commerce Growth
South Korean investors are now joint-venture owners of Presidential Park West in Durham, North Carolina. (CoStar)
South Korean investors are now joint-venture owners of Presidential Park West in Durham, North Carolina. (CoStar)
CoStar News
September 1, 2021 | 3:55 P.M.

South Korea’s LB Asset Management has joined forces with AIG Global Real Estate to co-invest in an 8.6 million-square-foot portfolio of U.S. industrial properties, the companies said this week.

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