Exciting News! We've successfully closed multiple Industrial Outdoor Storage (IOS) investments with Manulife, marking one of the most impactful transactions in our platform's history! This venture aims to build our IOS portfolio, opening tremendous opportunities for our development platform. Kudos to our amazing team for making this possible.
Great work Benjamin Strine!
Long time coming, great effort by all. Lots of work to be done now!
Congrats, team! I know this was a Herculean effort!
Congratulations everyone, amazing effort!
Lauren Marquess
3mo
HUGE!
Cindy Cunningham
3mo
Well done!
President, Development & Investments; Chief Investment Officer
3moWe are so excited to be partnering with Manulife in developing IOS facilities. Our goal is to more than double our portfolio of nearly $100M of IOS facilities. Foundry brings a unique competitive advantage into this space. We are already actively developing industrial in nearly every major market in the Southeast and Texas which allows us to mitigate the inherent inefficiency of developing IOS in multiple markets, and our partnership with Manulife gives us the capital to do it. We look forward to significantly expand our activity in IOS.