Catalyst Investment Partners Completes $181M of Industrial Outdoor Storage Acquisitions in H1 2026

Dedicated IOS firm closed $71M of IOS properties in June alone, underscoring its conviction for investment in small, flexible IOS assets situated in irreplaceable, dense urban locations

NEW YORK--(BUSINESS WIRE)--Catalyst Investment Partners (“Catalyst”), a leading operator of low-coverage industrial outdoor storage (IOS) properties in high-barrier-to-entry urban infill markets in the U.S, today announced that it has acquired 34 separate IOS properties – including 12 closed in June alone – in the first half of 2026, representing 458,824 square feet and $181M of gross asset value. The assets, which are spread across 12 high-barrier-to-entry markets and were aggregated via 34 separate single-asset acquisitions, align with the firm’s strategy of investing in small, flexible IOS properties in irreplaceable locations that can be leased to credit tenants across a wide range of industries.

“Within IOS, we’ve carved out a highly selective focus that’s unique in the sector. This is the product of our own differentiated perspective on how to maximize investment performance in IOS,” said Max Heiden, Co-Founder and Partner at Catalyst. “We solely focus on sites located in high-barrier-to-entry, dense urban markets that benefit from sustained population and consumption demand, as well as limited new supply due to land scarcity and local zoning constraints. Our proprietary data, proactive origination platform, and deep market specialization continue to provide a meaningful edge. IOS is a large marketplace in the U.S. at over $300 billion of asset value and is still incredibly fragmented with the average owner controlling only .006% of the inventory within our target territories.”

The 34 properties are spread across 12 high-barrier-to-entry IOS markets, including Northern New Jersey, Washington D.C., Raleigh, Boston, Miami, and South Florida. The assets are leased to a variety of tenants representing a diverse cross-section of industries including infrastructure, equipment rental, building supply, landscaping, and waste management, underscoring the highly flexible use cases of IOS assets that are situated in dense, urban infill markets.

This capital deployment milestone follows the recent announcement that Catalyst secured $281 million in separate financings originated by Blackstone Real Estate Debt Strategies and institutional investors advised by J.P. Morgan Asset Management. In February 2026, Catalyst closed its third IOS-dedicated discretionary fund which was oversubscribed at $400 million in capital commitments (exceeding its original $300 million target), providing nearly $900 million of buying power after leverage. Catalyst’s portfolio of flexible IOS properties located in high-barrier-to-entry infill urban markets currently comprises over 175 properties and is on pace to reach 250 sites in 2027.

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 175 sites across densely populated, high-barrier-to-entry infill markets of the United States.

www.catalystios.com