Barings has announced a joint venture with Brennan Investment Group to acquire $150 million in Industrial Outdoor Storage (IOS) assets, starting with a two-building, 4.75-acre property in Denver, CO.
The partnership aims to expand beyond the initial target by utilizing Brennan’s national teams to develop and manage IOS portfolios in major U.S. industrial markets, particularly regions benefiting from strong e-commerce, construction, infrastructure, and population growth.
KEY QUOTES:
“The seed asset and goals of our new venture with Brennan represent a high conviction strategy and asset class for the firm. Together, we aim to capitalize on the growing institutional demand for IOS assets by leveraging Brennan’s deep sector expertise and Barings’ institutional investment platform with the aim of bringing enhanced returns to our clients.”
Raymond Tiernan, Director at Barings
“The Barings partnership marks a significant milestone for Brennan Investment Group as we expand our focus on Industrial Outdoor Storage. By combining Barings’ world-class investment platform with Brennan’s operational capabilities, we are well-positioned to create a premier IOS portfolio that meets the needs of today’s evolving economy and delivers long-term value for our investors.”
Michael Brennan, Co-Founder and Chairman of Brennan Investment Group
