Plymouth Industrial REIT, a Boston firm with an industrial property portfolio spanning 36 million square feet, has struck a surprise deal to be acquired by two New York investment managers in a deal valued at $2.1 billion.

Plymouth (NYSE: PLYM) is set to be acquired by affiliates of Makarora Management LP and Ares Management Corp. Ares (NYSE: ARES) has more than $572 billion of assets under management worldwide. Makarora, a private company, doesn’t make its portfolio details public. Makarora is leading the deal.

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