GFH Partners Sells U.S. Industrial Outdoor Storage Portfolio for $113 Million
GFH Partners has completed the sale of a 10-property industrial outdoor storage (IOS) portfolio in the United States for $113 million. The assets, located across the Central U.S.—including eight properties in the Chicago submarket, one in Lenexa, Kansas, and one in Wilmer, Texas—were selected based on high demand for fleet parking, equipment storage, and logistics staging. The transaction marks GFH Partners' fifth exit in the logistics sector over recent years. Despite a challenging commercial real estate environment marked by high financing costs and low transaction volumes, the firm successfully increased net operating income through active asset management and double-digit rental growth on lease renewals.
Topics: Asset Divestment Industrial Outdoor Storage Logistics Real Estate US Industrial Market