Blackstone Unit Lends $226 Million for US Outdoor Storage Lots

A unit of Blackstone Inc. provided a $226 million loan for a group of industrial outdoor storage facilities concentrated in the US Sunbelt.

The portfolio’s 46 properties are scattered across 15 states, with tenants such as AT&T Inc., United Rentals Inc. and Linde Plc, according to a statement by JLL Capital Markets, which arranged the financing for the landlord, JIOS. The facilities are located near major cities and logistics infrastructure.