SAN FRANCISCO, CA (February 23, 2026) – In late 2025, Stockbridge’s Niche Logistics Fund (the “Fund”) completed the buyout of a 10% interest in a large-scale industrial outdoor storage (“IOS”) portfolio previously held through a joint venture between the Fund and an operating partner. The transaction represents a portfolio valuation of nearly $900 million.
The portfolio comprises 58 industrial outdoor storage assets across 18 major U.S. markets, totaling approximately 644 acres and 1.6 million square feet of building space. Key markets include the Inland Empire, California; Dallas-Fort Worth, Texas; Denver, Colorado; Atlanta, Georgia; and Phoenix, Arizona, markets that continue to benefit from sustained logistics demand, population growth and supply constraints. These 58 assets represent a portion of the broader Stockbridge IOS portfolio, consisting of 128 total properties.
“This investment underscores the continued institutional demand for high-quality industrial outdoor storage assets and reflects our conviction in the long-term fundamentals of the sector,” said David Egan, Portfolio Manager of the Niche Logistics Fund. “The scale, geographic diversity, and operating performance of this portfolio position it well for durable cash flow and long-term value creation.”
Nationwide, Stockbridge is one of the largest institutional IOS owners with roughly $2.5 billion of IOS assets under management, reflecting a long-standing commitment to the industrial outdoor storage sector. The Niche Logistics Fund has similarly built a reputation for identifying and operating mission-critical logistics real estate that supports modern supply chains.
“Our operational platform is a key differentiator,” Egan added. “We believe that consistent execution, strong tenant relationships, and a focus on operational excellence are essential to maximizing performance, particularly in specialized sectors like industrial outdoor storage.”
Stockbridge’s long-standing experience as an industrial real estate investor is supported by decades of investment history across multiple product types and market cycles. The firm’s hands-on asset management approach, data-driven decision-making, and deep local market knowledge continue to drive performance across its industrial portfolios.
About Stockbridge
Stockbridge is a real estate investment management firm led by seasoned senior professionals averaging 25 years of real estate industry experience. The firm was founded in 2003 and manages real estate equity investments across the risk spectrum within a variety of investment structures on behalf of U.S. and foreign institutional investors, family offices and high net worth individuals. Stockbridge has approximately $37.4 billion of assets under management (as of December 31, 2025) spanning all major real estate property types, and certain specialty property types with an emphasis on residential and industrial space throughout the U.S. The firm has offices in San Francisco, Atlanta, Chicago, Dallas, Denver, and Phoenix. For more information, visit www.stockbridge.com.
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