Catalyst Investment Partners (“Catalyst”), one of the largest owners and operators of industrial outdoor storage (“IOS”), today announced the final close of its third fund (“Fund III”) at its hard cap of $400 million in limited partner commitments. The fund exceeded its original $300 million target and was substantially oversubscribed, with investor demand approaching twice the target and well in excess of the hard cap. Fund III progressed from first to final close in just seven months, reflecting strong conviction in Catalyst’s differentiated strategy and strong track record. Commitments came from a broad range of institutional investors, including pension funds, endowments, foundations, and family offices.

Founded five years ago by former SL Green colleagues Dan Haroun and Max Heiden, Catalyst is leading the creation of a new, underserved real estate category. The 32-person Catalyst team has built a highly curated portfolio of over 140 IOS sites in high-barrier-to-entry, densely populated markets with strong long-term rent growth fundamentals. With this latest fund, Catalyst is poised to expand its portfolio to over 250 sites and scale the platform to approximately $1.5 billion in gross asset value.

“We are grateful to our new and existing investors for their partnership and support,” said Max Heiden, Co-Founder and Partner at Catalyst. “The oversubscription of Fund III underscores the growing recognition of IOS as a durable real estate asset class and our highly differentiated approach to the sector.”

IOS properties are in strong demand from a wide range of credit tenants across industries such as data center and infrastructure contractors, autonomous vehicle fleet management, EV charging networks, equipment rental providers, waste management companies, logistics operators, and building materials distributors.

“We’re extremely proud of our team for their hard work and dedication, which is keeping Catalyst at the forefront of this emerging category,” said Dan Haroun, Co-Founder and Partner at Catalyst. “As capital continues to form around the sector, Catalyst is well positioned to take advantage of the opportunity.”

Incubation Capital served as exclusive placement agent for Fund III.

About Catalyst Investment Partners

Catalyst Investment Partners is a vertically integrated real estate investment firm specializing in industrial outdoor storage (“IOS”). Founded in 2021 by Max Heiden and Dan Haroun, the firm is dedicated to building a sector-leading IOS platform and delivering outsized results for investors. Catalyst invests in supply-constrained markets, where its team of 32 dedicated IOS professionals combine institutional expertise, discretionary capital, and proprietary technology to deliver attractive returns for its investors in a fragmented and opaque sector. Catalyst’s portfolio of IOS properties spans over 140 sites across densely populated, high-barrier-to-entry East Coast markets of the United States.

www.catalystios.com

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"The oversubscription of Fund III underscores the growing recognition of IOS as a durable real estate asset class and our highly differentiated approach to the sector."