SCHEDULE 13G

CUSIP No.

729640102

1

Names of Reporting Persons

Madison International Realty Holdings, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,217,491.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,217,491.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,217,491.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.86 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

Plymouth Industrial REIT, Inc.

(b)

Address of issuer's principal executive offices:

20 CUSTOM HOUSE STREET - 11TH FLOOR, 20 CUSTOM HOUSE STREET - 11TH FLOOR, BOSTON, MASSACHUSETTS, 02110

Item 2.

(a)

Name of person filing:

Madison International Realty Holdings, LLC

(b)

Address or principal business office or, if none, residence:

300 Park Avenue, 3rd Floor New York, New York 10022

(c)

Citizenship:

Delaware, USA

(d)

Title of class of securities:

Common Stock, $0.01 par value per share

(e)

CUSIP No.:

729640102

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:

(k)

Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

Item 4.

Ownership

(a)

Amount beneficially owned:

2,217,491

(b)

Percent of class:

4.86% %

(c)

Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

2,217,491

(ii) Shared power to vote or to direct the vote:

0

(iii) Sole power to dispose or to direct the disposition of:

2,217,491

(iv) Shared power to dispose or to direct the disposition of:

0

Item 5.

Ownership of 5 Percent or Less of a Class.

Ownership of 5 percent or less of a class

Item 6.

Ownership of more than 5 Percent on Behalf of Another Person.

Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable

Item 8.

Identification and Classification of Members of the Group.

Not Applicable

Item 9.

Notice of Dissolution of Group.

Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Madison International Realty Holdings, LLC

Signature:	/s/ Ronald M. Dickerman
Name/Title:	Ronald M. Dickerman \| Managing Member
Date:	08/13/2025

Exhibit Information

Item 4: Beneficial ownership percentages disclosed herein are calculated based on 45,550,898 shares of Common Stock outstanding as of April 29, 2025, as reported on the issuer's Form 10-Q filed with the SEC on May 1, 2025.