Apexus Logistics RE Fund

The Apexus Logistics Real Estate Fund (‘Apexus’), formed by Aminim Group, was established to meet the growing investor need and appetite for access to yielding logistics and industrial investments. With the boom in e-commerce in the U.S. throughout recent years, and the forecast exponential growth in online retail, market conditions are ripe for capital placement in the logistics and industrial sectors. Warehouse and storage demand is increasing rapidly, while the need for well-located fulfilment and distribution centers is becoming more important to more companies every single day. Onshoring of U.S. manufacturing companies is also increasing, contributing to the industrial sector as a whole in becoming the fastest-growing real estate asset class across the U.S. Aminim Group’s mission, through Apexus, is to capitalize on this trend and generate a diverse portfolio of institutional-grade, yielding logistics and industrial investments for its private and institutional partners.

STRATEGY

Fulfilment, Distribution & Other Industrial Properties

The Apexus Logistics Real Estate Fund (‘Apexus’) focuses its acquisitions on fulfilment centers, distribution facilities for both e-commerce and brick-and-mortar retail clients, warehouse and storage hubs, mission critical locations, and other industrial assets.

Proximity to Major Transportation Hubs

Target markets for acquisitions include locations close to major transportation hubs (airports and seaports) and with superior access to major arteries such as interstate highways and city loops. Growing cities and locations with expanding populations and access to qualified labor, are also high-priority targets.

National & Credit Tenants

Tenants at Apexus properties are generally national tenants with multiple locations across the U.S., and are often credit-rated.

Highly Functional Assets

In general, properties added to the fund are Class A or Class B assets, no smaller than 50,000 SF, but as large as 1,000,000 SF. Apexus targets functional assets, which include high ceiling heights, plenty of docking and drive-in doors, and up-to-date features such as efficient lighting and fire-suppression systems. These assets are likely to generate interest from desirable and higher-quality tenants in the event of lease turnover.

Target Markets

PORTFOLIO

Square Feet Acquired

0 SF

Conyers Distribution Center – Atlanta, GA

Cicero Industrial Center – Chicago, IL

Pittsburgh Logistics Facility – Pittsburgh, PA

Bensenville Distribution Center – Chicago, IL

Alsip Logistics Facility – Chicago, IL

Franklin Park Light Industrial – Chicago, IL

Upper Marlboro Distribution Center I – Washington D.C.

Upper Marlboro Distribution Center II – Washington D.C.

Severn Logistics Facility I – Baltimore, MD

Severn Logistics Facility II – Baltimore, MD

Severn Logistics Facility III – Baltimore, MD

Odenton Light Industrial – Baltimore, MD

Memphis Logistics Facility I

Memphis Logistics Facility II

Memphis Logistics Facility III

Memphis Logistics Facility IV

Memphis Logistics Facility V

Memphis Logistics Facility VI

Memphis Logistics Facility VII

Memphis Logistics Facility VIII

PARTNERSHIPS

CONTACT US

917-893-0569

Address: 10101 Fondren Rd, Suite 250F
Houston, TX 77096

Email: info@apexusfund.com

 

Oshrit Bar David

Chief Financial Officer

Oshrit has over 26 years of accounting experience, and is an Israeli Certified Public Accountant. She has a broad background in various aspects of accounting, taxation, and financial control. Oshrit joined Aminim in 2022, and is the CFO for Aminim Group and The Apexus Logistics Fund. She is responsible for financial and tax reporting, budgets, risk management processes and financial performance monitoring. Oshrit also manages Aminim Group’s relationships with external auditors, banks, and other financial service providers.

Prior to joining Aminim Group, Oshrit spent 22 years at Alony-Hetz Properties & Investments Ltd, a large public company traded on the Tel Aviv stock exchange, where she was responsible for a vast array of reporting and financial control functions. Prior to her role at Alony-Hetz, Oshrit spent 4 years at Deloitte Israel, where she was an auditor of companies in various industries, including aerospace, aviation, venture capital and construction. Oshrit holds a B.A. in Economics & Accounting and an MBA from Bar Ilan University, Tel Aviv.

Leslie Barragan

US Office Administrator

Leslie joined Aminim in January 2022 as our United States based office administrator. She brings with her 20+ years of experience in executive and administrative support in a variety of disciplines, including finance, property management, logistics and human resources. Leslie provides assistance to both the Asset Management and Acquisition teams for both Aminim’s and the Apexus Fund’s activities. Additionally, she works closely with on-the-ground property management personnel across the Aminim and Apexus Fund portfolios. Her extensive experience in both support and supervisory roles provides her with a unique ability to connect with people at all levels, fostering a collegial work environment.

Prior to joining Aminim, Leslie worked as property manager and executive assistant at Spector Family, LLC in Jessup, Maryland.  Her responsibilities included all aspects of property, tenant, and account management as well as providing support with the financial operations of the company. Originally from New York City, Leslie currently resides in Annapolis, Maryland.

Peter Narog

Senior VP Acquisitions

As Senior VP Acquisitions, Peter oversees The Apexus Logistics RE Fund’s new business pipeline, sourcing acquisition opportunities through his deep network in commercial real estate built over many years. He also leads the acquisition process start-to-end for many of the fund’s deals. Peter has 12 years of real estate investment experience in markets across the United States. He has extensive experience investing in office, multifamily, industrial and retail properties.

During his tenure as VP of Acquisitions for Somerset Properties prior to joining Aminim, Peter was responsible for sourcing, underwriting, conducting due diligence, arranging financing and closing new investments, primarily for office and industrial properties. Since 2018, Peter has sourced and closed over $430M USD in new acquisitions, and he maintains close relationships with JV partners, brokers and lenders in key markets. Prior to Somerset Properties, Peter was an Acquisitions Associate with Barings (formerly Cornerstone Real Estate Advisers) and an Investment Analyst with Prologis covering the eastern U.S. region, where he participated in over $1B USD in acquisitions and dispositions. Peter received a B.S. degree from Embry-Riddle Aeronautical University in 2006.

Gabi Dan

Head of Asset Management & Acquisitions Manager

Gabi has over 18 years of experience in project management, acquisitions, operations, real estate development, construction and architecture. At Aminim Group and The Apexus Logistics Real Estate Fund, he is a key member of both the acquisitions and asset management decision making teams. Gabi’s breadth of knowledge in the real estate operations, property acquisition and construction arenas, means he spreads his time and efforts across many of Aminim Group’s touchpoints. Gabi maintains strong relationships with investment and leasing brokers, as well as property and asset management teams. He is especially involved in acquisition due diligence, and collaborates closely with brokers, lenders, and other third-parties to ensure the smooth closing of transactions and onboarding of new assets, particularly to The Apexus Logistics Real Estate Fund.

Prior to joining Aminim, Gabi was the head of design and construction at Five Points Development, a real estate development company in NYC. Before moving to New York, he was a project manager and design coordinator for Plath & Company, a residential construction company in the San Francisco Bay Area, where he led multiple teams and projects from conception to completion. Gabi studied design at the Politecnico Di Milano and received a Master’s in Design from Domus Academy in Milan, Italy.

Yoel Baruchin

Senior VP Acquisitions

Yoel’s primary responsibilities at Aminim Group and The Apexus Logistics Real Estate Fund as Senior VP of Business Development, involves the identification of new market trends, business opportunities and investments in the multifamily, logistic and industrial arenas. Yoel is a corporate lawyer admitted both in New York and in Israel, and has a broad background in real estate, private equity, and corporate and commercial transactions. Yoel works with a deep network of partners, including private investors, family offices, wealth management firms and institutional players.

Prior to joining Aminim Group, Yoel founded Secondary Prime, a boutique investment firm focusing on secondary transactions in hi-tech companies and funds. Prior to his role at Secondary Prime, Yoel practiced law for over a decade at top-tier Israeli law firms, most recently at Yigal Arnon & Co., where he focused on corporate and real estate law (investments and fund formation). Yoel earned his LLB from Bar Ilan University, Israel, and his LLM degree from the Cardozo School of Law, New York.

Dorit Sitruk

Executive Assistant & Office Manager

Dorit is responsible for the overall management and administration of the Aminim Group office, and is the executive assistant to Aminim’s Chairman and CEO. She also plays an important role in the technical side of onboarding and administering acquisitions, as well as the disposition of assets, and is a point of contact for partners and stakeholders of both the Aminim Group portfolio and The Apexus Logistics Real Estate Fund. Dorit took up her post at Aminim in 2014, and has been heavily involved in the expansion of the Aminim office and team.

Previously, Dorit worked as office manager and executive assistant at some of Israel’s major law offices, including at Agmon & Co. where she managed the administrative staff, and was responsible for account management and other critical financial operations at the firm. Dorit has an MA in International Relations from the Hebrew University in Jerusalem.

Alita Mandel

Asset & Financial Operations Manager

Alita joined the Aminim team in 2017, and is responsible for the asset management and operational financial control of both Aminim Group’s portfolio and The Apexus Logistics Real Estate Fund. Alita undertakes ongoing analysis of each property’s financials, general oversight of property operations, makes regular property visits, liaises with asset and property management teams, compiles periodical reporting for each asset, and is a point of contact for taxation matters and other crucial financial processes.

Alita is a US CPA with years of corporate tax and other general accounting experience. She has worked in the Israel offices of international accounting firms PricewaterhouseCoopers (Kesselman & Kesselman) and Ernst & Young. Alita performed multiple accounting roles at both organizations, including the preparation of US corporate tax returns for some of Israel’s largest institutions, which required reviewing and dissecting the institutions’ real estate holdings and investments. She has also worked on US corporate tax reporting for some of Israel’s leading hi-tech firms, and has spent time auditing not-for-profit organizations. Alita holds a Bachelor of Accounting from Touro College and holds a New York CPA License.

Aron Youngerwood

Senior VP Acquisitions & Investment Strategy

Aron’s primary responsibilities involve the identification and development of new industrial/logistics investments for The Apexus Logistics Real Estate Fund, as well as opportunities in multifamily, office, and other commercial real estate sectors for the wider Aminim Group. Aron has a broad background in real estate and private equity and has substantial experience partnering with U.S. and non-U.S. investors and clients, including governmental and corporate pension funds, sovereign wealth funds, insurance companies, and high net-worth clients.

Previously, Aron spent over 10 years as an executive at CBRE Global Investors in Los Angeles with over $100 billion of real estate assets under management. His role at CBRE included structuring and overseeing multiple CBRE funds with $8B USD of capital raised, and the execution of real estate and debt transactions across the country totaling over $10 billion USD in asset value. Aron has also worked with large owners, developers and operators of industrial real estate, numbering over 1,000 industrial/logistics properties nationwide. His significant experience across all phases of the real estate investment cycle, include acquisitions, dispositions, financing, asset management, joint ventures and restructurings. Aron holds an LL.M. from Harvard Law School and an LL.B. from University College London, England.

Assaf Halperin

Senior VP Acquisitions & Business Development

Assaf’s primary responsibilities as Senior VP Acquisitions & Business Development at Aminim Group, involves creating and nurturing strategic partnerships with key stakeholders, investors and major business partners. Assaf played a crucial role in the formation of The Apexus Logistics Real Estate Fund, continues to oversee its administration, and is heavily involved in Aminim Group’s strategic decision making. He also has a significant role in the identification and acquisition of new investments, both for industrial/logistics assets for the fund, and for multifamily and other commercial real estate sectors for the wider Aminim Group platform.

Assaf has more than 14 years of experience working in a range of fields within the financial sector, including financing and deal structure, investment banking, and contract negotiation and valuations, and has strong market knowledge of both local and international real-estate markets. Previous to his current role, Assaf held the position of Senior Account Manager at Menora Mivtachim Underwriters & Management LTD, and prior to that was a senior advisor at Deloitte where he served as a member of the financial advisory department. Assaf holds a B.A. in Economics & Business Administration from Bar Ilan University, and an MBA in Business Management from Tel Aviv University.

Rafi Karp

Senior Investment & Underwriting Manager

Rafi has held various positions in the finance arena over the last 15 years. He joined Aminim Group in 2014 as the team’s financial analyst and asset manager, and now focuses on new acquisitions, underwriting and ongoing investment analysis, particularly for The Apexus Logistics Real Estate Fund, but also for Aminim Group’s wider operations. Rafi liaises with investment partners, brokers, lenders and sellers throughout the acquisition and closing stages of transactions, and also assists with exits and refinances. Since joining Aminim, Rafi has participated in the closing of over $1.2B USD in acquisitions and $1.2B USD in exits, and has worked through numerous successful refinances.

Prior to joining Aminim, Rafi worked in various financial positions in both Israel and Australia. Most notably, he was a member of the retail banking finance team at the Australia and New Zealand Banking Group (ANZ), one of Australia’s “Big-4” banks, where he was responsible for various analysis and key reporting functions across the nationwide branch network. Rafi holds a Bachelor of Commerce and a Graduate Certificate in Management, both from Monash University in Melbourne, Australia.

Ephraim Kriel​

Chairman & President

Ephraim has over 20 years of experience in the real estate industry. He is also the former owner and CEO of a top-three insurance brokerage in Israel (sold to AON), and was the lead partner and owner of Personal Direct Insurance Company, now known as “9,000,000” brand. Ephraim has also served as a Bonds Issuance Consultant for US companies raising capital in Israel, and led the largest bond-raise in the TASE for a foreign company (excluding banks) – $300M USD raised for Extell Ltd. A subsequent bond-raise for Extell procured $150M USD. In all, Ephraim has assisted his clients in procuring over $500M USD through bond issuances in Israel.

Ephraim is a member of the board of trustees and council at Bar Ilan University, a member of the Bnei Akiva Friends Association, and a member of impact associations. He is one of the founders of the Israel Congress, promoting reconciliation between sectors of the population with divergent views on Judaism and democracy. Ephraim holds a law degree from the Hebrew University (Tel Aviv branch), and an MA in World History from Bar Ilan University in Tel Aviv.

Nir Kriel

Chief Executive Officer

Nir has 20 years of experience in the real estate industry, and leads the formation, deployment and operational management of The Apexus Logistics Real Estate Fund. Taking the reins of Aminim Group’s real estate activity in 2002, Nir has overseen end-to-end operations of the business, and is responsible for the company’s strategic planning, business development, relationship building with partners, and fundraising of institutional and private equity. The Apexus Logistics Real Estate Fund is the latest project at Aminim Group under Nir’s guidance.

Nir has led real estate purchases valued at over $1.5B USD, and exits valued at $1.3B USD, which have achieved returns well above underwritten expectations. Nir’s leadership has resulted in exponential growth in the group’s real estate activity over the last decade. He has overseen the company’s expansion into more markets and sectors, as well as the development and implementation of new business strategies, positioning the group for continued growth and success. Nir holds an MBA from the University of Hertfordshire in the U.K.