Criterion Group acquired eight industrial outdoor storage (IOS) properties totaling 151 acres for an aggregate purchase price of $45.3 million, it announced this week.

Criterion Group's IOS portfolio now extends to 13 states and for the first time includes investments in Virginia and North Carolina.

The group recently formed a joint venture with Columbia Pacific Advisors to expand its IOS portfolio by deploying a $2 billion in capital by the end of 2023.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

National
Industrial
Net Lease
Midwest
Northeast
Southeast
West