Outdoor Storage Portfolio Draws $672 Million as E-Commerce Fuels Niche Demand
Starwood Property Trust and Realterm provided $672 million in financing for a 78-property portfolio of industrial outdoor storage lots owned by affiliates of Stonemont Financial Group and Cerberus Capital Management. The properties span 830 acres across 33 U.S. markets. The loan refinances an existing $486 million mortgage.
Outdoor storage properties have attracted institutional capital as e-commerce expands and delivery timelines compress. Investors including Blackstone have entered the sector, viewing the lots as critical nodes in modern supply chains. The properties provide staging areas for containers, trailers, and equipment that support last-mile logistics.
Realterm has expanded its lending business as traditional banks reduce their commercial real estate exposure. Paul Sisson, the firm’s head of credit, said borrowers are seeking lenders with sector-specific knowledge in industrial and logistics real estate. The deal reflects continued appetite for industrial property debt even as other asset classes face financing constraints.
The post Outdoor Storage Portfolio Draws $672 Million as E-Commerce Fuels Niche Demand appeared first on Propmodo.
