Zenith Industrial Outdoor Storage (Zenith IOS) has partnered with J.P. Morgan Asset Management to secure a $130 million senior secured credit facility to refinance a 14-property industrial outdoor storage portfolio that spans approximately 130 acres and four U.S. regions, including the Southeast, Midwest, Rockies, and West Coast. The assets are expected to be stabilized for at least five years, but that they carry with them the likelihood of rent growth.
Landmark Properties, with Stockbridge, has acquired The Junction Cottages & Townhomes at 2415 Junction Boys Road in College Station, Texas. The 22-acre community is one of the highest quality cottage and townhome developments serving Texas A&M University. With 186 residences and 801 beds, floorplans at The Junction include a variety of three- and five-bedroom stand-alone cottages and three-, four-, and five-bedroom duplex townhomes. Residents at The Junction enjoy one of the most robust amenity packages in the College Station market.