Makarora Completes $2.1 Billion Acquisition of Plymouth Industrial REIT with Legal Guidance from Greenberg Traurig
In a significant development in the real estate sector, New York-based Makarora Management LP successfully finalized its acquisition of Plymouth Industrial REIT, Inc. The acquisition, valued at approximately $2.1 billion, was bolstered by the expertise of global law firm Greenberg Traurig, LLP, which provided comprehensive legal guidance throughout the process.
Background of the Acquisition
Originally announced on October 24, 2025, the acquisition was completed on January 27, 2026. Under the terms of this all-cash transaction, rare in today’s fast-paced financial environment, Plymouth shareholders will receive $22 per share. Consequently, Plymouth will no longer be traded on public securities exchanges, marking the end of an era for the firm.
The acquisition reflects Makarora's strategic vision and commitment to expanding its footprint in the commercial real estate sector. The investment management firm, which began operations in 2024, aims to provide tailored capital solutions, including equity, structured capital, and opportunistic credit, across various property market cycles.
Greenberg Traurig's Role
Greenberg Traurig played a pivotal role in the successful execution of this transaction. The firm coordinated the efforts of a multidisciplinary legal team dedicated to the deal, comprising attorneys from their Corporate, Real Estate, Tax, Litigation, Labor & Employment, and Environmental practice areas.
Marc Lazar, a shareholder at Boston Real Estate, led the team and expressed pride in aiding Makarora through this high-stakes transaction. Additionally, prominent New York Corporate Shareholders Michael D. Helsel and Joseph A. Herz, Tax Shareholder Timothy W. Donovan, along with Real Estate Shareholders Ankush R. Israni from Los Angeles and David S. Pritzker from Chicago, contributed their expertise.
Makarora Management LP
Founded by experienced professionals, Makarora Management is dedicated to delivering differentiated investment solutions across a wide range of commercial real estate sectors. This acquisition further solidifies Makarora’s position as a key player in the industry. The firm continues to seek innovative strategies that cater to the ever-evolving market demands while emphasizing sustainable investment practices.
Greenberg Traurig's Legacy
Greenberg Traurig, known for its extensive reach and broad practice areas, has more than 3,000 lawyers operating in 51 locations worldwide. The firm's reputation for innovative legal solutions was reaffirmed with this transaction and is further evidenced by its inclusion in several legal rankings, including the esteemed Am Law Global 100.
As Makarora forges ahead with its ambitious plans for growth and expansion, Greenberg Traurig remains a steadfast partner, ready to navigate the complexities of the commercial real estate landscape. This acquisition is more than just a financial transaction; it's a strategic move set to reshape the trajectory of both firms involved and the sector as a whole.