CenterSquare Investment Management Collaborates with ESAS for New $50 Million Venture
On February 9, 2026, CenterSquare Investment Management, a leading global investment manager, publicly announced the establishment of a new $50 million co-investment vehicle in partnership with ESAS, a prominent investment and wealth management firm. This collaboration marks the continuation of a fruitful relationship between the two firms, aiming to drive significant investments into CenterSquare's Essential Service Industrial (ESI) strategy.
The ESI strategy focuses on small-bay industrial properties—typically under 10,000 square feet—located in densely populated areas. These properties serve local businesses such as HVAC technicians, plumbers, and contractors who need operational spaces to provide essential services to their communities. The co-investment vehicle represents a 50/50 financial partnership alongside CenterSquare's latest Value-Added strategy funding initiative.
This latest investment venture is noteworthy as it is the second collaboration between CenterSquare and ESAS within just over a year. The initial partnership commenced in January 2025 with ESAS's investment in Aligned Data Centers, which recently announced a sale agreement expected to be finalized soon. Jeffrey Reder, Managing Director of Private Real Estate at CenterSquare, expressed enthusiasm about the ongoing partnership, stating, "We're excited by this opportunity to continue growing our relationship with ESAS. We have strong conviction in essential service industrial and appreciate the trust ESAS continues to place in our team and process."
Additionally, James Bury, Managing Director of ESAS Real Estate, acknowledged the compelling nature of investing in the Essential Service Industrial sector. He highlighted CenterSquare's data-driven approach and its reputation for providing unique investment opportunities, making their partnership attractive for ESAS.
CenterSquare Investment Management has a long-standing history since its inception in 1987, focusing on real assets across various platforms including listed and private equity real estate, as well as real estate debt management. With a diversified portfolio managing approximately $14 billion in assets as of December 2025, CenterSquare has built a reputation as a trusted fiduciary dedicated to aligning its interests with those of its clients and partners. The firm operates across several global offices, including locations in Philadelphia, New York, Los Angeles, London, and Singapore.
On the other hand, ESAS brings investment expertise from its offices in Istanbul, London, and Frankfurt, specializing primarily in private equity and real estate investments while also offering bespoke solutions in wealth management across public and private markets.
In conclusion, the new $50 million co-investment vehicle heralds a significant step forward for both CenterSquare and ESAS, underlining their commitment to strengthening community essential services through strategic real estate investments. As both firms look towards future opportunities, this partnership aims to enhance the footprints of local businesses in densely populated urban settings, ultimately contributing to overall community welfare.