Brennan Investment Group and Barings secure $150M financing for industrial outdoor storage portfolio

Type: Financing · Technology: Industrial · Country: United States · Value: $150M · Announced: 2026-10-01

Brennan Investment Group and Barings secured $150 million in financing to aggregate industrial outdoor storage (IOS) assets across the Mountain West, Texas and Midwest markets. The financing is seeded by a five-property portfolio located in the Denver, Houston and Austin markets and was arranged by JLL Capital Markets on October 1, 2026. The facility allows the joint venture to add qualifying IOS assets during the initial term and to fund tenant improvements, leasing costs and capital expenditures. The business plan targets well-located IOS properties for value-add initiatives to enhance functionality and attract a broad range of occupiers across targeted growth markets. The financing supports the partners’ goal to build a scalable industrial outdoor storage platform and to execute portfolio expansion in the Mountain West, Texas and Midwest regions.

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