Realterm Funds GreenPoint’s Industrial Expansion

GreenPoint Partners, through its Outpost platform, has acquired a six-asset industrial portfolio comprising 75 acres and 158,000 square feet of building area across five states.

Realterm funded the acquisition through the origination of a $300 million facility to GreenPoint. The buyer then used the first tranche of $115 million to buy the transport infrastructure portfolio.

GreenPoint’s newly acquired portfolio spans across California, Florida, Oregon, Nevada and New Jersey. Each property is located in high-demand markets, providing access and connectivity to the greater metro areas.

Realterm’s debut into private credit began in January 2025, with a $70.8 million loan issued to GreenPoint Partners. Eight properties backed that debt, covering 163 acres of IOS across Texas, Arizona, Colorado, Michigan and Georgia.

Later in the year, Realterm consolidated its presence into the private debt markets by closing its first Logistics Credit Fund, which amassed $350 million in dry powder alongside a co-investment vehicle. Plans called for the issuance of privately negotiated senior and junior mortgages backed by both stabilized and transitional logistics properties throughout major U.S. markets. Debt origination continued in 2026, with Realterm issuing another $43.5 million for a 10-property IOS collection in Atlanta and Charleston, N.C.

The company’s commitment to the IOS sector goes beyond credit solutions. Realterm also acquires, develops and manages real estate and infrastructure serving land, air, sea and rail networks around the world. It has $13 billion in such assets under management.

Just last month, it acquired an 80-acre IOS portfolio from Axi Partners, paying $111 million. The assemblage included 22 properties spread throughout nine states.

Strong IOS backwinds propel the sector

Realterm isn’t the sole firm looking to capitalize on the IOS market, which continues posting strong fundamentals stemming from supply challenges and strong demand driven by logistics, rental and infrastructure-related tenants.

As the market continues to grow, so too does the attention it receives from institutional investors, which seek exposure to this fragmented sector. As a result, well-diversified portfolios will command premiums, leading to a cap rate moderation, a Heitman spokesperson previously told Commercial Property Executive.

In fact, Heitman just closed its first IOS deal in January, when it formed a partnership with Open Industrial by recapitalizing a 25-property collection spanning 105 acres. The two companies also set aside $200 million in equity for this deal, as well as other future IOS investments.