**Blackstone Lends $231M for 13-State Industrial Outdoor Storage Portfolio**
JLL Capital Markets has secured $231 million in financing for a large-scale industrial outdoor storage (IOS) portfolio on behalf of Jadian Capital’s IOS affiliate (JIOS). The portfolio spans 43 properties across 13 states, covering a total of 293 acres.
Senior Managing Director Peter Rotchford, Managing Director Tyler Peck, and Senior Managing Director Christopher Peck led the JLL team that arranged the financing. The loan was provided by Blackstone Real Estate Debt Strategies.
The portfolio operates in 19 markets and is anchored by prominent tenants such as United Rentals, Waste Management, Ryder, ABF Freight, and the nation’s largest e-commerce provider.
Dan Schuchinsky, Managing Director at Jadian Capital, emphasized the long-term potential of the sector. “We’ve been investing in IOS for many years because of the sector’s large demand tailwinds and durable supply barriers,” he said. “This financing underscores how institutional lenders have come to appreciate these same traits.”
Tyler Peck added, “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.”
This noteworthy transaction highlights growing institutional confidence in industrial outdoor storage assets, particularly as supply chain demands continue to evolve across the United States.
