July 14, 2023

BJ Feller shares insights on industrial outdoor storage market with WealthManagement

BJ_Feller_01_2023_261x261 — **BJ Feller**
Senior Vice President
& Managing Director

CHICAGO (July 14, 2023) — Northmarq’s BJ Feller, senior vice president and managing director, recently spoke with WealthManagement for the article, “Industrial outdoor storage rises in popularity among institutional investors.”

Feller said cap rates on traditional industrial properties have gotten aggressive in recent years, driving institutional capital to look for opportunities with a similar profile but more attractive cap rates.

“Once they’ve been able to establish their credibility and track record in the segment, we’ve seen operators have great access to the capital sources who want to play in this asset class,” Feller said.

Feller said equity inflows to the sector have “cooled to a certain degree” on a year-over-year basis but that they remain robust relative to other property types.

“Most of the decline has been a reaction to caution that cap rates may be going mildly higher and offer better acquisition opportunities in the months ahead,” Feller said.

Topics covered in the article include:

Why industrial outdoor storage (IOS)?
IOS portfolios.
Institutional investor demand is growing.

Read the full article.

About Northmarq

Northmarq is one of the largest privately held commercial real estate firms in the United States, combining a nationwide presence with deep local expertise. With more than 50 offices across the country, we provide a full suite of debt, equity, investment sales, loan servicing and fund management solutions for a comprehensive range of property types. Our unique structure allows us to connect clients with the best opportunities, yet be nimble enough to ensure access to every expert across our company. The firm manages a loan servicing portfolio of over $78 billion and has completed $69.5 billion in transactions over the past three years. At Northmarq, collaboration fuels results, helping clients achieve success in every market, nationwide. For more information, visit www.northmarq.com.