Catalyst Investment Partners Secures $281 Million Financing for Industrial Outdoor Storage Portfolio

Blackstone Real Estate Debt Strategies and J.P. Morgan Asset Management originate portfolio loans secured by 77 properties situated in high-demand, dense urban markets

NEW YORK--(BUSINESS WIRE)--Catalyst Investment Partners, a real estate investment firm that acquires and operates flexible, low-coverage industrial outdoor storage (IOS) properties in high-barrier-to-entry urban infill markets in the U.S, today announced that it secured $281 million in separate financings originated by Blackstone Real Estate Debt Strategies (“BREDS”) and institutional investors advised by J.P. Morgan Asset Management on behalf of Catalyst IOS Fund II. The J.P. Morgan Asset Management financing represents its first loan secured by a fully dedicated IOS portfolio.

“This significant milestone demonstrates the continued institutionalization of the IOS space as market leading lenders find value in the sector,” said Dan Haroun, Co-Founder and Partner at Catalyst. “We are grateful for the support and partnership of the J.P. Morgan Asset Management and Blackstone teams. This financing reflects the quality of the portfolio and Catalyst’s extensive experience and focus on its sector-leading IOS investment management platform.”

The financings are backed by a portfolio of 77 properties across 12 high-barrier-to-entry IOS markets, including Northern New Jersey, Miami, and Washington D.C. The portfolio is leased to a variety of tenants representing a diverse cross-section of industries including equipment rental, infrastructure and e-commerce companies, underscoring the highly flexible use cases of IOS assets that are situated in dense, urban infill markets.

Max Heiden, Co-Founder and Partner at Catalyst, added, “Our early entry into the IOS sector, deep market knowledge, and proprietary data has enabled us to identify a deep opportunity set of small, flexible, low-coverage IOS properties that are situated in dense urban areas where the supply of IOS is fixed or declining, creating irreplaceable assets for occupiers and investors. This financing is further confirmation of the increasing demand among institutional capital for ‘sharpshooter’ specialists with the ability to execute in the IOS sector and deliver compelling risk-adjusted returns at scale.”

This milestone follows the successful close of Catalyst’s third IOS-dedicated discretionary fund in February 2026, which was oversubscribed at $400 million in capital commitments (exceeding its original $300 million target) and progressed from first to final close in just seven months during a challenging fundraising environment. Catalyst’s portfolio of flexible IOS properties located in high-barrier-to-entry infill urban markets currently comprises over 150 properties and is on pace to reach 250 sites in 2027, with a current AUM of over $1 billion.

Tony LaBarbera, Co-Head of Americas Private Investments for Blackstone Real Estate Debt Strategies, said: “We are excited to partner with Catalyst, a strong operator with a proven track record in the IOS sector. IOS benefits from structurally limited new supply and robust demand drivers, and we continue to be an active lender in the sector.”

Justin Horowitz at Cooper-Horowitz arranged the financing. Rothman Law and Levenfeld Pearlstein served as legal counsel to Catalyst.

About Catalyst Investment Partners
Catalyst Investment Partners is a vertically integrated real estate investment firm that exclusively acquires and operates flexible, low-coverage industrial outdoor storage (IOS) properties in high-barrier-to-entry, dense urban infill markets in the U.S. Founded in 2021 by Max Heiden and Dan Haroun, the firm is dedicated to building a sector-leading IOS platform and delivering outsized results for investors. Catalyst invests in supply-constrained markets, where its team of 35 dedicated IOS professionals combine 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 150 sites across densely populated, high-barrier-to-entry infill markets of the United States.
www.catalystios.com