{"id":1004651688,"date":"2023-03-15T04:51:01","date_gmt":"2023-03-15T12:51:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004651688"},"modified":"2023-03-21T10:56:20","modified_gmt":"2023-03-21T18:56:20","slug":"h-i-g-realty-buys-2-3-msf-industrial-outdoor-storage-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/h-i-g-realty-buys-2-3-msf-industrial-outdoor-storage-portfolio\/","title":{"rendered":"H.I.G. Realty Buys 2.3 MSF Industrial Outdoor Storage Portfolio"},"content":{"rendered":"
\"Industrial<\/a>

Industrial outdoor storage. Image by Marcin Jozwiak via pixabay.com<\/em><\/p><\/div>\n

H.I.G. Realty Partners<\/strong> has just formed an industrial outdoor storage platform, and the company seeded the new endeavor with the acquisition of a 55-property portfolio. The collection of assets gives H.I.G. an instant 2.3 million-square-foot national footprint in the increasingly popular subsector.<\/p>\n

H.I.G. Realty, the real estate arm of global private equity investment firm H.I.G. Capital<\/strong>, is keeping mum on the acquisition price. However, the company has disclosed enough details indicating that the purchase constitutes a major play in the IOS sub-sector. The group of assets spans 20 states and is sited in sub-markets featuring robust economic and industrial fundamentals. Furthermore, the portfolio is 100 percent leased and provides substantial upside potential, given that the collection\u2019s in-place rents are 50 percent lower than prevailing rents in the various sub-markets.<\/p>\n

\n

READ ALSO<\/strong>: Waiting for the Thaw in CRE Deal Flow<\/a><\/p>\n

\n

In a prepared statement, David Hirschberg, co-head of H.I.G. Realty Partners, outlined the importance of the transaction for the company, noting that the acquisition allows H.I.G. Realty to create a platform to consolidate a highly fragmented space, characterized by limited institutional competition and unique supply\/demand fundamentals.<\/p>\n

An increasingly popular niche<\/h2>\n

IOS is hardly a new sub-segment of the industrial sector, but it is rising on the investment community\u2019s radar<\/a> after being predominantly overlooked for quite some time. Investors\u2019 growing attraction to the property type has everything to do with high demand and low supply.<\/p>\n

\u201cExisting IOS facilities have become increasingly coveted by industrial users, as developers have been largely dissuaded from starting new projects. A combination of strict zoning requirements, unfavorable building-to-land coverage ratios, and municipal development restrictions has confined many developers to traditional industrial properties, suppressing additional supply,\u201d according to a report by Marcus & Millichap<\/strong>. With demand on the rise and inventory constrained, IOS is experiencing higher rent growth than traditional industrial assets, as well as comparatively lower vacancies.<\/p>\n

H.I.G. is one of a growing number of companies that are making major moves in the IOS market. Most recently, in early March 2023, GreenPoint Partners<\/strong> announced its launch of a dedicated $500 million IOS platform<\/a> via a strategic investment in Semi-Stow, a semi-truck parking and trailer storage operator. And in 2022, J.P. Morgan Global Alternatives and Zenith IOS made a splash in the sub-sector with the formation of a $700 million joint venture<\/a> for the creation of an IOS platform targeting $1 billion in investments over a two-year period.<\/p>\n","protected":false},"excerpt":{"rendered":"

With the acquisition of this 20-state collection, the company\u2019s real estate arm debuts an IOS platform.<\/p>\n","protected":false},"author":969,"featured_media":1004651701,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21748,21783,23891,21742],"tags":[34559,34836],"class_list":["post-1004651688","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-industrial","category-investment","category-national","category-latest","tag-h-i-g-realty-partners","tag-marcus-millichap"],"acf":[],"yoast_head":"\nH.I.G. Realty Buys 2.3 MSF Industrial Outdoor Storage Portfolio - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"H.I.G. Realty Partners has formed an industrial outdoor storage platform, seeding the new endeavor with a 55-property portfolio acquisition.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/h-i-g-realty-buys-2-3-msf-industrial-outdoor-storage-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"H.I.G. Realty Buys 2.3 MSF Industrial Outdoor Storage Portfolio\" \/>\n<meta property=\"og:description\" content=\"H.I.G. Realty Partners has formed an industrial outdoor storage platform, seeding the new endeavor with a 55-property portfolio acquisition.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/h-i-g-realty-buys-2-3-msf-industrial-outdoor-storage-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-15T12:51:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-21T18:56:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Industrial-outdoor-storage-via-Pixabay.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"801\" \/>\n\t<meta property=\"og:image:height\" content=\"610\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/h-i-g-realty-buys-2-3-msf-industrial-outdoor-storage-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/h-i-g-realty-buys-2-3-msf-industrial-outdoor-storage-portfolio\/\",\"name\":\"H.I.G. Realty Buys 2.3 MSF Industrial Outdoor Storage Portfolio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/h-i-g-realty-buys-2-3-msf-industrial-outdoor-storage-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/h-i-g-realty-buys-2-3-msf-industrial-outdoor-storage-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Industrial-outdoor-storage-via-Pixabay.jpg\",\"datePublished\":\"2023-03-15T12:51:01+00:00\",\"dateModified\":\"2023-03-21T18:56:20+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\"},\"description\":\"H.I.G. Realty Partners has formed an industrial outdoor storage platform, seeding the new endeavor with a 55-property portfolio acquisition.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/h-i-g-realty-buys-2-3-msf-industrial-outdoor-storage-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/h-i-g-realty-buys-2-3-msf-industrial-outdoor-storage-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/h-i-g-realty-buys-2-3-msf-industrial-outdoor-storage-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Industrial-outdoor-storage-via-Pixabay.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Industrial-outdoor-storage-via-Pixabay.jpg\",\"width\":801,\"height\":610,\"caption\":\"Industrial outdoor storage. Image by Marcin Jozwiak via pixabay.com\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/h-i-g-realty-buys-2-3-msf-industrial-outdoor-storage-portfolio\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"H.I.G. Realty Buys 2.3 MSF Industrial Outdoor Storage Portfolio\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32\",\"name\":\"Barbra Murray\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"caption\":\"Barbra Murray\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"H.I.G. Realty Buys 2.3 MSF Industrial Outdoor Storage Portfolio - Commercial Property Executive","description":"H.I.G. Realty Partners has formed an industrial outdoor storage platform, seeding the new endeavor with a 55-property portfolio acquisition.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/h-i-g-realty-buys-2-3-msf-industrial-outdoor-storage-portfolio\/","og_locale":"en_US","og_type":"article","og_title":"H.I.G. Realty Buys 2.3 MSF Industrial Outdoor Storage Portfolio","og_description":"H.I.G. Realty Partners has formed an industrial outdoor storage platform, seeding the new endeavor with a 55-property portfolio acquisition.","og_url":"https:\/\/www.commercialsearch.com\/news\/h-i-g-realty-buys-2-3-msf-industrial-outdoor-storage-portfolio\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2023-03-15T12:51:01+00:00","article_modified_time":"2023-03-21T18:56:20+00:00","og_image":[{"width":801,"height":610,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Industrial-outdoor-storage-via-Pixabay.jpg","type":"image\/jpeg"}],"author":"Barbra Murray","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/h-i-g-realty-buys-2-3-msf-industrial-outdoor-storage-portfolio\/","url":"https:\/\/www.commercialsearch.com\/news\/h-i-g-realty-buys-2-3-msf-industrial-outdoor-storage-portfolio\/","name":"H.I.G. Realty Buys 2.3 MSF Industrial Outdoor Storage Portfolio - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/h-i-g-realty-buys-2-3-msf-industrial-outdoor-storage-portfolio\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/h-i-g-realty-buys-2-3-msf-industrial-outdoor-storage-portfolio\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Industrial-outdoor-storage-via-Pixabay.jpg","datePublished":"2023-03-15T12:51:01+00:00","dateModified":"2023-03-21T18:56:20+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"description":"H.I.G. Realty Partners has formed an industrial outdoor storage platform, seeding the new endeavor with a 55-property portfolio acquisition.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/h-i-g-realty-buys-2-3-msf-industrial-outdoor-storage-portfolio\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/h-i-g-realty-buys-2-3-msf-industrial-outdoor-storage-portfolio\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/h-i-g-realty-buys-2-3-msf-industrial-outdoor-storage-portfolio\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Industrial-outdoor-storage-via-Pixabay.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Industrial-outdoor-storage-via-Pixabay.jpg","width":801,"height":610,"caption":"Industrial outdoor storage. Image by Marcin Jozwiak via pixabay.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/h-i-g-realty-buys-2-3-msf-industrial-outdoor-storage-portfolio\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"H.I.G. Realty Buys 2.3 MSF Industrial Outdoor Storage Portfolio"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32","name":"Barbra Murray","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","caption":"Barbra Murray"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/03\/Industrial-outdoor-storage-via-Pixabay.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004651688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/969"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004651688"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004651688\/revisions"}],"predecessor-version":[{"id":1004652866,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004651688\/revisions\/1004652866"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004651701"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004651688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004651688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004651688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}