Updated Oct 2, 2026
Brennan Investment Group And Barings Secure $150 Million Loan For Industrial Outdoor Storage Portfolio
$150,000,000
Building Size
—
Asset Type
Industrial
Closing
Oct 1, 2026
About this deal
AI
An industrial outdoor storage portfolio is involved in this transaction, with a focus on five properties located in the markets of Denver, Houston, and Austin. The asset is being developed by a joint venture to support scalable operations in the industrial sector.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $150,000,000
- Landlord: Michael Brennan - Brennan Investment Group
- Landlord: Mike Freno - Barings
- Brokers: Lucas Borges, Matthew Schoenfeldt, Sam Tarter, Emma Berner & Ryan Planek - JLL
A joint venture between Brennan Investment Group and Barings secured a $150 million acquisition credit facility to develop the industrial outdoor storage portfolio. JLL Capital Markets arranged the financial facility, which will also support future tenant improvements, leasing costs, and capital expenditures.
On the Map
$150,000,000
Industrial
View full map
Players
Houston Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Browse Houston industrial loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.11%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93