Quilvest, Axis Launch $500M JV for IOS Strategy
Quilvest Capital Partners, a private investment firm, and Axis IOS, a real estate investment platform, have formed a joint venture to acquire and run a portfolio of about $500 million for U.S. Industrial Outdoor Storage (IOS) facilities.
The acquisitions will be centered in major logistical areas, with a concentration on prime assets that are well-located and functional, ready to profit on the sector’s rising customer demand.
The partnership launched its business plan by purchasing a 16.8-acre plot in San Antonio, TX. The site will be transformed from a long-term owner/user to a multi-tenant campus that will serve heavy equipment rental vendors, as well as modular workforce, residential housing, and space rental product suppliers.
“With our exclusive focus on the industrial outdoor storage sector combined with our team’s significant real estate experience, we are excited to form a partnership with Quilvest to execute in this high-potential sector,” said Crawford Arnold, Partner and Founder of Axis.
Quilvest manages $7 billion in assets across real estate, funds & co-investments, direct private equity and private debt. The firm has acquired $1.2 billion in real estate through 87 properties.
Axis acquires, develops, and manages IOS properties throughout the U.S.
Pictured: 16.8-acre IOS site in San Antonio, Texas