Latham & Watkins Advises on Sixth Street Partners' US$250 Million Strategic Investment in Plymouth Industrial REIT

Plymouth Industrial REIT, Inc. (NYSE: PLYM) has announced a strategic agreement with Sixth Street, a leading global investment firm, for significant, long-term growth capital to accelerate earnings growth and scale the platform in key industrial markets. The US$250 million strategic investment from Sixth Street enables Plymouth to fund additional growth on a leverage-neutral basis without exclusive reliance on the public equity markets.

Latham & Watkins LLP represented Sixth Street Partners in the real estate joint venture and equity investment with a team led by New York partner Douglas Heitner and Orange County partner Nima Movahedi, with a real estate team consisting of New York counsel Sander Ash, with associates Aida Vajzovic, Lucas Fernandez-Rocha, and Natalia Ortiz and a corporate team consisting of Los Angeles partner Bradley Helms, with associates Gregory Van Buiten, Luca Marquard, and Nilam Faqhir. Advice was also provided on tax matters by Century City partner Ana O'Brien and Bay Area partner Katharine Moir, with associate Arash Lotfi; on intellectual property/data privacy matters by Orange County counsel David Kuiper; on benefits matters by Bay Area partner Maj Vaseghi, with associate Courtney Thomson; on environmental matters by Orange County Christopher Norton; on HSR matters by Washington, D.C. partner Patrick English; and on securities regulatory matters by Washington, D.C. partner Brian Miller.