JLL arranges $231M financing for industrial outdoor storage portfolio

NEW YORK CITY, Jun. 5, 2025 – JLL Capital Markets announced today that it has arranged $231 million in financing for a 43-property industrial outdoor storage (IOS) portfolio totalling 293 acres across 13 states.

JLL worked on behalf of JIOS to secure the loan through Blackstone Real Estate Debt Strategies. JIOS is a vertically integrated real estate company owned and institutionally supported by Jadian Capital.

The 43-property portfolio features highly functional IOS facilities with notable tenants including United Rentals, Waste Management, Ryder, ABF Freight and the largest national e-commerce provider.

The portfolio spans 19 markets across 13 states, with 54% of acreage concentrated in Sunbelt states and 37% in densely populated Northeast and Mid-Atlantic regions. The properties are strategically situated near major metropolitan areas and key logistics infrastructure, benefiting from proximity to seaports, rail systems, highways and airports. This positioning allows the assets to capitalize on regional economic strengths while providing critical last-mile and distribution capabilities in key logistics markets.

“We’ve been investing in IOS for many years because of the sector’s large demand tailwinds and durable supply barriers. This financing underscores how institutional lenders have come to appreciate these same traits,” said Dan Schuchinsky, Managing Director at Jadian Capital. “Our team and portfolio span the country, and with our discretionary capital and lender support, we plan to invest ~$2 billion in IOS over the next two years.”

The JLL Capital Markets Advisory team was led by Senior Managing Director Peter Rotchford, Managing Director Tyler Peck and Senior Managing Director Christopher Peck.

"The portfolio's high-quality tenant roster, strategic infill locations and compelling supply-demand fundamentals made it a very attractive financing opportunity," said Tyler Peck. "We're seeing sustained interest in the IOS sector as investors and lenders seek to capitalize on the evolving needs of e-commerce, logistics and last-mile distribution users."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Jadian Capital is an investment firm founded in 2017 focused on alternative real estate and asset-intensive businesses. The firm invests across the capital structure, primarily in new or growing platforms, as well as in special situations. Jadian is headquartered in Stamford, Connecticut, with an additional office in New York. The firm currently has approximately $2.6 billion in assets under management, supported by leading institutional investors. In addition to its investment advisory business, the firm owns JIOS, a vertically integrated industrial outdoor storage platform based in Bethesda, Maryland. JIOS owns or controls 90 properties in 25+ markets.