Brookfield Asset Management has acquired 53 light-industrial properties totalling 3.6 million square feet across the U.S. Sunbelt for US$428 million, according to multiple reports.

The assets, 96% leased at the time of sale, are located in Dallas, Houston, Atlanta and Nashville.

Stonelake Capital Partners sold the portfolio, with Nashville-area properties accounting for US$147 million of the deal, the Nashville Post reported. The company acknowledged the deal by posting news articles about its on its website.

“Given the increased market uncertainty and rising replacement costs over the
last several years, particularly in the light-industrial space, we believe this
transaction represents the opportunity to capitalize on strong supply-demand
fundamentals for assets in irreplaceable locations in top markets where
Brookfield has experience within our existing operating portfolio,” said Andy
Smith, head of North American investments for logistics for Brookfield Asset Management, in a statement quoted by multiple media outlets.

During the first half of 2025, Stonelake offloaded 7.6 million square feet of industrial space in the region through 13 transactions totalling nearly US$920 million. The firm originally acquired the assets between 2018 and 2022.

With this latest deal, Brookfield’s national logistics holdings surpass 75 million square feet, according to Commercial Property Executive. Earlier this year, the firm’s real estate funds reached nearly US$16 billion in commitments—its largest strategy to date. As of the end of Q1, Brookfield reported approximately US$272 billion in assets under management.

Pictured: Dallas light-industrial property acquired by Brookfield Asset Management from Stonelake Capital Partners.]

Photo: Brookfield Asset Management