Catalyst Investment Partners secures $281 million financing for industrial outdoor storage portfolio

Type: Financing · Technology: Industrial · Country: United States · Value: $281M · Announced: 2026-06-09

Catalyst Investment Partners secured $281 million in separate financings for a portfolio of 77 industrial outdoor storage (IOS) properties across 12 high-barrier-to-entry markets in the United States, including Northern New Jersey, Miami, and Washington, D.C. The financing was originated by Blackstone Real Estate Debt Strategies and institutional investors advised by J.P. Morgan Asset Management, marking J.P. Morgan's first loan secured by a fully dedicated IOS portfolio. The portfolio is leased to diverse tenants such as equipment rental, infrastructure, and ecommerce companies, highlighting the flexible use cases of IOS assets in dense urban infill markets. Dan Haroun, co-founder and partner at Catalyst, emphasized the institutionalization of the IOS sector and the quality of the portfolio as key factors in securing the financing. Max Heiden, co-founder and partner at Catalyst, noted that the early entry into the IOS sector and proprietary data enabled the identification of high-opportunity assets with limited supply and robust demand drivers. Tony LaBarbera, co-head of Americas private investments for Blackstone Real Estate Debt Strategies, highlighted the structural supply constraints and strong demand in the IOS sector as reasons for Blackstone's continued lending activity.

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