**Blackstone Lends $231M for 13-State Industrial Outdoor Storage Portfolio**
JLL Capital Markets has secured $231 million in financing for a 43-property industrial outdoor storage (IOS) portfolio encompassing 293 acres across 13 states. The financing was arranged on behalf of Jadian Capital’s IOS affiliate (JIOS) through Blackstone Real Estate Debt Strategies.
The deal was handled by JLL’s Senior Managing Director Peter Rotchford, Managing Director Tyler Peck, and Senior Managing Director Christopher Peck.
Spanning 19 markets, the portfolio includes tenants such as United Rentals, Waste Management, Ryder, ABF Freight, and one of the nation’s largest e-commerce companies.
“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.”
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.”
