Dalfen, Centerbridge Form JV to Invest in IOS
Target markets include the major ports and key logistics nodes.
Dalfen Industrial and Centerbridge Partners have formed a joint venture focused on acquiring industrial outdoor storage properties across the United States.
The JV will invest in industrial outdoor storage properties that provide storage space for vehicle parking as well as storage for containers, trailers, construction materials, and machinery. Target markets include the major ports and key logistics nodes appealing to a broad user base.
Industrial outdoor storage properties are a mission-critical component of supply chains, benefiting from similar tailwinds as traditional industrial real estate. The low supply of IOS sites has been further constrained by conversion to traditional warehouse use, leaving even less availability for IOS with the requisite zoning.
Stifel served as exclusive financial advisor in support of forming the JV.