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Blackstone Lends $231M on 13-State Industrial Outdoor Storage Portfolio
JLL Capital Markets has arranged $231 million in financing for a 43-property industrial outdoor storage (IOS) portfolio totaling 293 acres across 13 states. Senior managing director Peter Rotchford, managing director Tyler Peck and senior managing director Christopher Peck worked on behalf of Jadian Capital’s industrial outdoor storage affiliate (JIOS) to secure the loan through Blackstone Real Estate Debt Strategies.
The 19-market portfolio features notable tenants including United Rentals, Waste Management, Ryder, ABF Freight and the largest national e-commerce provider.
“We’ve been investing in IOS for many years because of the sector’s large demand tailwinds and durable supply barriers,” said Dan Schuchinsky, managing director at Jadian Capital. “This financing underscores how institutional lenders have come to appreciate these same traits.”
Added Tyler Peck, “We’re seeing sustained interest in the IOS sector as investors and lenders seek to capitalize on the evolving needs of e-commerce, logistics and last-mile distribution users.”
- ◦Financing
