Ascendas Real Estate Investment Trust (SGX:A17U) agreed to acquire Portfolio of 11 logistics properties located in Kansas City from ColFin Cobalt I-II Owner, LLC and ColFin 2017-11 Industrial Owner, LLC for approximately SGD 210 million on October 22, 2021. Ascendas Real Estate Investment Trust intends to redeploy the proceeds from its recent divestments of three logistics properties in Australia amounting to SGD 128.7 million to partially finance the acquisition. The remaining balance will be financed through existing debt facilities. The completion of the proposed acquisition is subject to closing conditions and is expected to take place in 4Q 2021. Mark Long, John Hassler, Jim Linn and Andrew Briner of Newmark Zimmer brokered the transaction.