Realterm Acquires 13 Industrial Outdoor Storage Properties Across U.S. Markets For $277M

Realterm acquired an industrial portfolio consisting of 13 outdoor storage properties spread across key U.S. markets including Chicago, IL; Dallas-Fort Worth, TX; Northern New Jersey; Inland Empire & CA; Orlando, FL; Seattle; and the Bay Area. The total acquisition price for the portfolio was $277,000,000, with a total square footage of 632,000 and a price per square foot of $438. The properties cover an area of 131 acres.

Summary of transation details:

• Property Type: Industrial
• Transaction Amount: $277,000,000
• Buyer: Bob Fordi & Ben Andreycak - Realterm
• Seller: Bruce Flatt & Devin Barnwell - Brookfield
• Advisory Firm: Eastdil Secured

This transaction reflects a significant move by Realterm, demonstrating strong institutional interest in high-demand industrial outdoor storage assets. The deal was conducted through a Brookfield real estate fund and closed on December 27, 2024, with the advisory from Eastdil Secured supporting Brookfield throughout the process.