BJ Feller shares insights on industrial outdoor storage market with WealthManagement
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.
Related Contacts
Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq’s solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit www.Northmarq.com.