Mapletree Sells 1.4 Million-Square-Foot U.S. Warehouse Portfolio to Dalfen for $207.5 Million

Overview

• Mapletree sold a 1.4 million-square-foot, 19-building U.S. warehouse portfolio to Dalfen Industrial for $207.5 million.
• The assets cluster in infill, last-mile hubs, meaning areas near end customers, with 13 in Dallas–Fort Worth, four in Chicago, and single sites in Cincinnati and Indianapolis.
• The properties were held by Mapletree’s 2019 MUSEL fund, and this marks its fifth U.S. portfolio sale in 10 months after about $1.3 billion of prior deals since June 2025.
• Newmark’s Jack Fraker, Dom Espinosa and Travis McEldowney represented Mapletree, while Dalfen closed the purchase without outside brokers.
• Dalfen said the portfolio adds immediate scale in its highest‑conviction markets and fits its plan to assemble infill, last‑mile warehouses in supply‑constrained nodes.