{"id":1004664439,"date":"2023-05-23T03:14:00","date_gmt":"2023-05-23T11:14:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004664439"},"modified":"2023-05-23T05:41:06","modified_gmt":"2023-05-23T13:41:06","slug":"realterm-raises-532m-to-recapitalize-ios-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/realterm-raises-532m-to-recapitalize-ios-portfolio\/","title":{"rendered":"Realterm Raises $532M to Recapitalize IOS Portfolio"},"content":{"rendered":"
\"Industrial<\/a>

Industrial outdoor storage portfolio. Image courtesy of Realterm<\/em><\/p><\/div>\n

Realterm<\/strong>, of Annapolis, Md., has raised $532 million in co-investment capital, alongside an investment from one of its own core-plus, open-end funds, as part of a successful $1.2 billion portfolio recapitalization of a national 61-asset IOS portfolio.<\/p>\n

The portfolio is \u201cstrategically located in and around major population centers, primary distribution hubs and main freight corridors,\u201d Realterm stated, and features a mix of cross-dock truck terminals, drayage yards and other secure storage sites that enable the movement of freight through the nation\u2019s supply chain.<\/p>\n

Despite current market volatility and a challenging capital raising environment, the portfolio saw a tremendous demand from existing Realterm partners as well as new investors, Peter Lesburg, managing director & global head of Capital Markets for Realterm, said in a prepared statement.<\/p>\n

\n

READ ALSO<\/strong>: Top 5 Markets for Industrial Construction in the South<\/a><\/p>\n

\n

As the global direct-to-consumer supply chain continues to evolve, demand for the lOS segment of the market is strong, particularly for properties in strategic locations, close to urban cores and with easy access to major interstates, added Stephen Panos, managing director & senior fund manager at Realterm.<\/p>\n

Realterm is an independent global investment manager focused on the transportation industry and currently manages more than $11 billion in assets.<\/p>\n

On the radar now<\/h2>\n

The title of a Marcus & Millichap<\/strong> report about the IOS sector last October was \u201cLast-Mile Industry\u2019s Highly Demanded, Yet Underdeveloped Cornerstone,\u201d encapsulating the product type\u2019s recent emergence onto the commercial real estate industry\u2019s radar. The report noted, for example, that average vacancy for the sector has consistently been below that of the industrial sector itself since at least 2018.<\/p>\n

There\u2019s been no shortage of deals in the sector so far this year.<\/p>\n

In March, H.I.G. Realty acquired<\/a> a 2.3 million-square-foot, 55-property IOS portfolio spanning 20 states.<\/p>\n

Also in March, GreenPoint Partners made a strategic investment<\/a> in Semi-Stow, an Austin, Texas\u2013based operator of semi-truck parking and trailer storage, in conjunction with launching a $500 million dedicated IOS platform.<\/p>\n

And in April, Centerbridge Partners and Dalfen Industrial formed a joint venture<\/a> to acquire IOS assets across the U.S.<\/p>\n","protected":false},"excerpt":{"rendered":"

The assets comprise a mix of cross-dock truck terminals, drayage yards and other storage sites.<\/p>\n","protected":false},"author":882,"featured_media":1004664469,"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":[34836,49252],"class_list":["post-1004664439","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-industrial","category-investment","category-national","category-latest","tag-marcus-millichap","tag-realterm"],"acf":[],"yoast_head":"\nRealterm Raises $532M to Recapitalize IOS Portfolio - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Realterm has raised $532 million in co-investment capital for an industrial outdoor storage portfolio consists of more than 60 properties.\" \/>\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\/realterm-raises-532m-to-recapitalize-ios-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Realterm Raises $532M to Recapitalize IOS Portfolio\" \/>\n<meta property=\"og:description\" content=\"Realterm has raised $532 million in co-investment capital for an industrial outdoor storage portfolio consists of more than 60 properties.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/realterm-raises-532m-to-recapitalize-ios-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=\"2023-05-23T11:14:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-23T13:41:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/IOS-portfolio.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"804\" \/>\n\t<meta property=\"og:image:height\" content=\"610\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\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\/realterm-raises-532m-to-recapitalize-ios-portfolio\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/realterm-raises-532m-to-recapitalize-ios-portfolio\/\",\"name\":\"Realterm Raises $532M to Recapitalize IOS Portfolio - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/realterm-raises-532m-to-recapitalize-ios-portfolio\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/realterm-raises-532m-to-recapitalize-ios-portfolio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/IOS-portfolio.jpg\",\"datePublished\":\"2023-05-23T11:14:00+00:00\",\"dateModified\":\"2023-05-23T13:41:06+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"description\":\"Realterm has raised $532 million in co-investment capital for an industrial outdoor storage portfolio consists of more than 60 properties.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/realterm-raises-532m-to-recapitalize-ios-portfolio\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/realterm-raises-532m-to-recapitalize-ios-portfolio\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/realterm-raises-532m-to-recapitalize-ios-portfolio\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/IOS-portfolio.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/05\/IOS-portfolio.jpg\",\"width\":804,\"height\":610,\"caption\":\"Industrial outdoor storage portfolio. 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