CPREX Broadens Offerings with Key Move into Industrial Storage Market

Clarion Partners Real Estate Income Fund (CPREX) is making a strategic entry into the high-demand industrial outdoor storage (IOS) sector through two key initiatives: providing a first mortgage loan for an eight-property portfolio and acquiring a fully-leased IOS property in Houston. The mortgage loan supports a joint venture between Outour Storage Investments and Cerberus Capital Management, covering eight properties totaling 2.3 million square feet across major U.S. markets, including Chicago, Phoenix, and Atlanta. In conjunction, CPREX has purchased a 7.59-acre site in Houston with a 23,294 square foot building that is fully rented to a leading waste services company for seven years. This Houston property underwent extensive renovations in 2024, enhancing its Class A specifications. Overall, these investments reflect CPREX’s strategy to diversify its portfolio while tapping into the growing demand for specialized industrial real estate.

CPREX Broadens Offerings with Key Move into Industrial Storage Market

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