Town Lane, Axis Partners Launch IOS Platform Venture

Town Lane, a New York-based real estate investment management firm, has acquired a 23-property industrial outdoor storage (IOS) portfolio and launched a platform venture with Axis Partners, an Atlanta-based industrial owner and operator. The transaction includes an investment by Town Lane in the Axis operating platform. Terms were not disclosed.

The portfolio comprises mission-critical, infill IOS assets that support the day-to-day operations of local, regional, and national businesses, including contractors, equipment rental companies, distributors, infrastructure providers, and service businesses. It’s located in high-growth Sunbelt markets such as Atlanta, Houston, Dallas and Nashville. 

“The Axis team has built a differentiated sourcing and operating platform that consistently identifies mission-critical, off-market assets supporting the infrastructure behind local and regional economies,” said Garret Overlock, managing director at Town Lane. “This partnership provides a unique opportunity to combine institutional capital with an experienced operator, and we’re excited to build a market-leading platform together over the long term.”

Pictured: An Axis Partners-owned IOS facility in Laredo, TX.

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