JLL arranges $150M financing for an IOS partnership between Brennan Investment Group & Barings
United States, Sept. 29 -- JLL Capital Markets announced that it has arranged a $150 million credit facility for a joint venture between Brennan Investment Group and Barings to finance the aggregation of industrial outdoor storage (IOS) assets across the Mountain West, Texas and Midwest markets, seeded by a five-property portfolio in the Denver, Houston and Austin markets.The financing supports Brennan Investment Group and Barings' partnership to build a scalable industrial outdoor storage platform across targeted growth markets. The facility includes the ability to add qualifying industrial outdoor storage assets during the initial term while also supporting future tenant improvements, leasing costs and capital expenditures. The business p...
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