Realterm and J.P. Morgan Asset Management joint venture acquire seven-property national industrial outdoor storage portfolio

Realterm, a global real assets investment manager focused on the transportation industry, in a joint venture partnership with institutional investors advised by J.P. Morgan Asset Management, announced today the acquisition of a seven-property, national industrial outdoor storage (IOS) portfolio strategically located across key U.S. transportation markets. The portfolio includes six highly functional and well-located truck terminals and one truck fleet maintenance facility. CBRE’s Brian Fiumara and Zach Graham represented the seller.

The portfolio totals 312,357 square feet across 74.2 acres, featuring 471 doors with strong in-place tenancy. The properties are 100% leased and well-positioned in highly supply-constrained freight corridors, including Phoenix, Atlanta, Laredo, El Paso, the Inland Empire, Wichita and Central Pennsylvania.

“This portfolio represents an exceptional opportunity to expand our presence in markets where we have proven expertise,” said Stephen Panos, Managing Director, Senior Fund Manager at Realterm. “These well-located facilities will enhance our ability to serve the evolving needs of transportation companies across multiple freight corridors.”

“The strategic positioning of these facilities aligns perfectly with our investment thesis focused on critical transportation infrastructure,” Joe Noon, Senior Vice President, Head of U.S. Investments, Realterm. “The scale of this acquisition significantly deepens our ownership in truck terminals nationally, reinforces our position as a leader in the transportation real estate sector, and grows our relationships with trusted partners and tenants.”

“The industrial outdoor storage sector continues to demonstrate strong fundamentals, driven by strong demand for well-located logistics assets in supply-constrained markets,” said Josh Myerberg, Head of Portfolio Strategy for Core and Core Plus, Real Estate Americas at J.P. Morgan Asset Management. “This acquisition reflects our strong conviction in highly functional transportation assets and highlights the growing importance of IOS in supporting supply chain operations nationwide.”

This acquisition further supports Realterm's commitment to expanding its market-leading portfolio of transportation-focused real assets in key logistics corridors across North America. The company's specialized focus on the transportation industry enables the identification and capitalization of investment opportunities in this essential sector of the economy.