Stockbridge’s open-ended core-plus US logistics fund has become the sole owner of a $900m (€764.5m) portfolio after acquiring the final 10% stake from an unnamed operating partner.
The Niche Logistics Fund completed the acquisition of the remaining interest in the industrial outdoor storage (IOS) portfolio of 58 assets in late 2025, which was previously held through a joint venture between the fund and an operating partner.
The portfolio comprises assets located across 18 major US markets, including the Inland Empire, California; Dallas-Fort Worth, Texas; Denver, Colorado; Atlanta, Georgia; and Phoenix, Arizona.
David Egan, portfolio manager of the Niche Logistics Fund, said: “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. The scale, geographic diversity and operating performance of this portfolio position it well for durable cashflow and long-term value creation.
“We believe that consistent execution, strong tenant relationships and a focus on operational excellence are essential to maximising performance, particularly in specialised sectors like industrial outdoor storage.”
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