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Provender Partners, Cerberus Form Cold Storage JV

Newport Beach-based Provender Partners formed a joint venture with an affiliate of Cerberus Capital Management, L.P. The partnership will focus on building a multibillion-dollar portfolio of cold storage processing facilities in the United States, while bringing vital supply chain solutions to market.

The JV will provide for a broad range of acquisition opportunities in all U.S. markets and will build upon Provender Partners’ industry-leading platform, as well as Cerberus’ global investment and asset management expertise.

Provender is a refrigerated real estate investor that’s acquired nearly $500 million of refrigerated real estate totaling five million square feet, since its founding in 2014.

Provender Partners’ Neil A. Johnson says, “Beyond expanding our portfolio, the partnership will broaden our ability to help farmers and distributors as global conditions continue to impact the food supply chain. As processors and warehousers seek efficiency and geographic diversity, we look forward to delivering innovative, quality food supply chain solutions.”


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*Pictured 860 81st Ave. Oakland, CA, purchased by Provender Partners summer of 2020.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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