The majority stake was acquired from CanTex Capital in a secondary transaction, alongside a New York-based global investor.
Goldman Sachs Alternatives co-led the continuation fund for North American digital infrastructure provider TerraPact Holdings.
The multi-asset vehicle is seeded with eight self-storage assets and includes commitments to acquire additional properties in supply-constrained markets.
"This investment reflects our conviction in the sector and the strength of our Secondaries platform in providing flexible capital solutions," said Jamie Sunday, Co-Head of RE Secondaries at Ares.
The communications and technology-focused investment firm is set to be acquired by Digital Realty, a NYSE-listed data center REIT, for $485 million.
The direct secondary transaction, which values the real estate firm at $3 billion, will reportedly materialize in the coming weeks.
The deal, which primarily involved first-lien senior secured loans across several industries, was purchased in partnership with Coller Capital.
The GP-led secondary deal gives Hamilton Lane a majority stake in the essential service retail shopping center in suburban Las Vegas.
Neuberger's second real estate secondaries fund closed last year with more than $1 billion in commitments, according to SecLink Data.
The investment, made from Brookfield's debut real estate secondaries fund, enabled EQT to exit its stake in 33 light industrial assets across Sweden.
