Stonemont Financial Group and an affiliate of Cerberus Capital Management LP have formed a joint venture to invest in the white-hot logistics sector. The partners want to buy as much as $1 billion worth of industrial real estate, according to Commercial Property Executive. So far, the two firms have purchased properties in Illinois, Florida, Mississippi and Tennessee. They did not disclose their total investment in those properties. Stonemont manages around 15 million square feet of The post Cerberus Capital, Stonemont Financial form $1B domestic industrial venture appeared first on The Real Deal New York.