Catalyst IOS Closes $260 Million of New Credit Facilities for Industrial Outdoor Storage Platform

The financings will provide significant capital for Catalyst to continue growing its industrial outdoor storage portfolio.

NEW YORK--(BUSINESS WIRE)--Catalyst Investment Partners, one of the largest owners and operators of industrial outdoor storage (“IOS”) properties, is pleased to announce the successful closing of two financing facilities with prominent North American banks (the “Facilities”). The Facilities have a maximum capacity of $260 million and were seeded with 27 IOS properties across eleven high-barrier-to-entry, supply constrained markets along the East Coast of the United States. Each of the 27 seed properties were acquired in individual transactions over the past two years by Catalyst IOS Fund II, a $187 million fund which held its final closing oversubscribed in March 2024. Catalyst manages capital on behalf of a diverse investor base, including institutional investors such as state pensions, endowments, foundations, and family offices.

"We are thrilled to have secured financing facilities that allow for more efficient capitalization of our IOS acquisitions. This underscores the confidence that our banking partners have in the Catalyst platform and the industrial outdoor storage real estate sector as a whole," said Dan Haroun, Co-Founder and Partner of Catalyst Investment Partners.

The strategic financing will enhance the firm’s ability to more efficiently finance transitional and stabilized IOS assets within its infill, population proximate IOS portfolio and will allow for Catalyst to continue capitalizing on the strong fundamentals within the industrial outdoor storage sector.

“These credit facilities demonstrate the growing debt capital formation within the IOS sector. Catalyst is fortunate to be among a few companies driving this sector maturation forward. We are grateful to our banking relationships and LPs for choosing to partner with us as they seek exposure to this fragmented and attractive opportunity set,” said Max Heiden, Co-Founder and Partner of Catalyst Investment Partners.

The Facilities, together with capital commitments from Catalyst IOS Fund II, will allow the Catalyst IOS portfolio to grow to over $600 million in gross asset value. Catalyst targets acquisitions of IOS properties in supply constrained markets along the East Coast of the United States where supply of properly zoned IOS properties is fixed or declining. Over the last three years, Catalyst’s 25-person team focused exclusively on IOS has made over 60 IOS acquisitions across 13 markets.

Justin Horowitz of Cooper Horowitz acted as advisor for the financings.

For more information about Catalyst Investment Partners and its investment strategies, please visit www.catalystios.com

About Catalyst Investment Partners

Catalyst Investment Partners is a vertically integrated real estate investment firm specializing in the acquisition, management, and leasing of industrial outdoor storage properties. Catalyst invests in supply-constrained markets where its team of 25 dedicated IOS professionals utilize institutional expertise, discretionary capital and proprietary technology to deliver attractive returns for its investors in a fragmented and opaque sector. Catalyst’s portfolio of IOS properties spans over 60 sites across densely populated, high-barrier-to-entry East Coast markets of the U.S.