ESR Kendall Square REIT is a leading logistics center REIT in Korea that was listed on the stock market in December 2020. When it was first listed, there were 11 underlying assets, to which ESR Kendall Square REIT added more over the course of several years until the REIT owned 18 assets and had an AUM of KRW 2.45 trillion. Oversupply of logistics centers and high interest rates have plummeted the market into a deep freeze, but still ESR Kendall Square REIT purchased Yongin Logistics Center 1, Icheon Logistics Center 7, and Icheon Logistics Center 6 in 2022, never taking a break from asset incorporation. In 2021, ESR Kendall […]