Ares Secondaries funds made the follow-on commitment three months after their initial minority equity investment in the data center operator.
The newly formed joint venture acquired an 87-building industrial portfolio across eight US markets, with GID retaining asset management responsibilities.
The secondary share sale reportedly values the defense tech company at $90 billion.
The transaction allows the Minneapolis-based firm to retain majority ownership of an 18-building infill industrial portfolio in Atlanta.
The GP staker will support the Australian property investor's growth across distribution, product development, and institutionalization.
The deal will support the UK housebuilder's expansion toward 7,000 homes a year, with Apollo retaining control.
"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 direct secondary transaction, which values the real estate firm at $3 billion, will reportedly materialize in the coming weeks.
The majority stake was acquired from CanTex Capital in a secondary transaction, alongside a New York-based global investor.
Neuberger's second real estate secondaries fund closed last year with more than $1 billion in commitments, according to SecLink Data.
