Realterm has raised $532 million in co-investment capital alongside an investment from one of the firm's core-plus, open-end funds as part of a $1.2 billion portfolio recapitalization of a national 61-asset industrial outdoor storage portfolio.

Located in and around major population centers, primary distribution hubs and main freight corridors, the portfolio includes a mix of cross-dock truck terminals, drayage yards and other transportation-advantaged secure storage sites that enable the movement of freight through the nation's supply chain.

"Institutional investors are eager for opportunities to invest into the IOS sector, which made this portfolio extremely attractive," said Peter Lesburg, Managing Director and Global Head of Capital Markets for Realterm. "Despite current market volatility and a challenging capital raising environment, we had tremendous demand both from existing Realterm partners across our family of funds and new investors."