**Zenith IOS Secures $120M in Loan Pools for 30 Industrial Outdoor Storage Assets**
A partnership between Brooklyn-based Zenith IOS and institutional investors advised by J.P. Morgan Asset Management has successfully completed the second and final tranche of a $120-million financing agreement with Washington Capital Management. The transaction includes two loan pools covering regional portfolios, comprising a total of 30 industrial outdoor storage (IOS) assets nationwide.
The financing was facilitated by Justin Horowitz of Cooper Horowitz, LLC, a family-owned capital advisory firm specializing in debt and equity placement across various real estate sectors.
“This execution demonstrates how the industrial outdoor storage sector continues to mature and attract interest from a wide variety of capital partners,” said Daniel Laub, COO and co-founder of Zenith IOS. “We continue to see and embrace the institutionalization of the IOS sector as capital sources—both debt and equity—seek to invest in what they increasingly view as an essential asset class.”
The financed assets are geographically diversified across Zenith’s target markets, where strong IOS tenant demand aligns with a limited supply of infill properties.
*Pictured: Zenith IOS’ property at 2222 N Wayside Dr., Houston.*
