Zenith IOS and JP Morgan have announced a new joint venture dedicated to building a national industrial outdoor storage (IOS) platform.
The platform will create an institutional portfolio of IOS assets positioned to meet the growing user demand across various supply chain networks. The joint venture is expected to have closed over $125 million of acquisitions by the end of February.
IOS properties are typically low-coverage industrial sites used by owner-operators and tenants needing outdoor space for vehicle parking, container storage, construction supplies, machinery, materials storage and other uses. The joint venture will target urban infill industrial locations in major cities and high growth areas.
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